Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Nuveen New York Quality Municipal Income Fund (NYSE:NAN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.33 and traded as high as $11.39. Nuveen New York Quality Municipal Income Fund shares last traded at $11.3450, with a volume of 206,874 shares.

Nuveen New York Quality Municipal Income Fund Trading Down 0.2%

The stock’s 50-day moving average is $11.38 and its two-hundred day moving average is $11.33.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Thursday, January 15th will be paid a dividend of $0.072 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Thursday, January 15th.

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

A number of institutional investors and hedge funds have recently modified their holdings of NAN. J. L. Bainbridge & Co. Inc. acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at about $116,000. Kingsview Wealth Management LLC acquired a new position in shares of Nuveen New York Quality Municipal Income Fund in the 3rd quarter valued at $154,000. Wealth Enhancement Advisory Services LLC raised its position in Nuveen New York Quality Municipal Income Fund by 41.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,930 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 4,361 shares during the last quarter. South Shore Capital Advisors acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter worth $195,000. Finally, Cresset Asset Management LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the second quarter worth about $251,000.

Nuveen New York Quality Municipal Income Fund Company Profile

The Nuveen New York Quality Municipal Income Fund (NYSE: NAN) is a closed-end management investment company that seeks to provide current income exempt from federal and New York State income taxes. The Fund invests principally in a portfolio of investment-grade municipal obligations issued by or on behalf of the State of New York and its political subdivisions. Through its focus on tax-exempt securities, NAN is designed to offer investors an attractive yield advantage relative to taxable alternatives in the New York market.

The Fund’s portfolio is comprised primarily of general obligation and revenue bonds issued by state and local governments, authorities, agencies and instrumentalities within New York.