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

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.41 and traded as low as $11.40. Nuveen New York Quality Municipal Income Fund shares last traded at $11.4350, with a volume of 41,201 shares traded.

Nuveen New York Quality Municipal Income Fund Stock Up 0.0%

The business has a fifty day moving average of $11.42 and a two-hundred day moving average of $11.41.

Nuveen New York Quality Municipal Income Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.068 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.

Insider Buying and Selling at Nuveen New York Quality Municipal Income Fund

In related news, major shareholder Of America Corp /De/ Bank bought 3,000 shares of the stock in a transaction on Tuesday, May 19th. The shares were purchased at an average price of $11.28 per share, for a total transaction of $33,840.00. Following the acquisition, the insider owned 3,000 shares in the company, valued at $33,840. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Nuveen New York Quality Municipal Income Fund

A number of large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen New York Quality Municipal Income Fund by 83.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 320,552 shares of the financial services provider’s stock valued at $3,609,000 after buying an additional 146,182 shares during the last quarter. Indivisible Partners acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at $3,559,000. HighTower Advisors LLC grew its holdings in Nuveen New York Quality Municipal Income Fund by 0.7% during the 4th quarter. HighTower Advisors LLC now owns 196,236 shares of the financial services provider’s stock valued at $2,210,000 after buying an additional 1,423 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 1st quarter valued at $1,857,000. Finally, Westwood Wealth Management acquired a new stake in Nuveen New York Quality Municipal Income Fund during the 4th quarter valued at $717,000.

About Nuveen New York Quality Municipal Income Fund

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.