Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.46 and traded as low as $11.16. Nuveen New York Quality Municipal Income Fund shares last traded at $11.23, with a volume of 86,461 shares.

Nuveen New York Quality Municipal Income Fund Trading Down 0.3%

The stock has a 50-day moving average price of $11.53 and a 200 day moving average price of $11.45.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.068 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Insider Buying and Selling

In related news, major shareholder Of America Corp /De/ Bank acquired 3,000 shares of Nuveen New York Quality Municipal Income Fund stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $11.28 per share, for a total transaction of $33,840.00. Following the completion of the purchase, the insider directly owned 3,000 shares of the company’s stock, valued at approximately $33,840. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the 2nd quarter worth $251,000. Envestnet Asset Management Inc. lifted its stake in shares of Nuveen New York Quality Municipal Income Fund by 4.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 43,503 shares of the financial services provider’s stock valued at $497,000 after purchasing an additional 2,044 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Nuveen New York Quality Municipal Income Fund by 54.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 38,618 shares of the financial services provider’s stock worth $436,000 after purchasing an additional 13,665 shares during the period. Hennion & Walsh Asset Management Inc. increased its position 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 worth $3,609,000 after purchasing an additional 146,182 shares in the last quarter. Finally, Westwood Wealth Management purchased a new position in Nuveen New York Quality Municipal Income Fund in the fourth quarter valued at approximately $717,000.

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.