Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.84 and traded as high as $10.24. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.16, with a volume of 183,075 shares.

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

The company’s fifty day moving average is $10.15 and its two-hundred day moving average is $9.84.

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

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.069 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%.

Hedge Funds Weigh In On Nuveen New York AMT-Free Quality Municipal Income Fund

Several hedge funds have recently bought and sold shares of NRK. First Horizon Corp acquired a new position in Nuveen New York AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at about $26,000. CWM LLC boosted its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 1,205.5% in the third quarter. CWM LLC now owns 3,786 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 3,496 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 45.7% in the second quarter. Steward Partners Investment Advisory LLC now owns 9,243 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 2,900 shares in the last quarter. Private Advisor Group LLC acquired a new position in shares of Nuveen New York AMT-Free Quality Municipal Income Fund in the third quarter valued at approximately $102,000. Finally, First Manhattan CO. LLC. purchased a new stake in Nuveen New York AMT-Free Quality Municipal Income Fund during the 1st quarter worth approximately $104,000.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

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.