Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Shares Cross Above 200 Day Moving Average of $10.35

Shares of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.35 and traded as high as $10.66. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.61, with a volume of 64,592 shares trading hands.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Performance

The stock’s 50 day moving average is $10.81 and its 200 day moving average is $10.35.

Nuveen New York AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.047 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.32%. The ex-dividend date is Friday, April 12th.

Institutional Trading of Nuveen New York AMT-Free Quality Municipal Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of NRK. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 400.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,500 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,000 shares during the last quarter. Avestar Capital LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth $111,000. Nomura Holdings Inc. bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth $116,000. Private Advisor Group LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 4th quarter worth $137,000. Finally, Perigon Wealth Management LLC bought a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter worth $175,000.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.