Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Breaks Below Fifty Day Moving Average – Time to Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK)’s stock price passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $9.53 and traded as low as $9.43. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $9.4950, with a volume of 362,323 shares traded.

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

The firm’s 50-day moving average is $9.50 and its 200 day moving average is $10.20.

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

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.0655 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.79 annualized dividend and a dividend yield of 8.4%.

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

Institutional investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 14.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 830,423 shares of the financial services provider’s stock worth $8,902,000 after buying an additional 103,864 shares in the last quarter. HighTower Advisors LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 4.5% during the 3rd quarter. HighTower Advisors LLC now owns 459,943 shares of the financial services provider’s stock worth $4,250,000 after acquiring an additional 19,753 shares during the last quarter. Cetera Investment Advisers boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 57.7% during the 1st quarter. Cetera Investment Advisers now owns 103,353 shares of the financial services provider’s stock worth $1,055,000 after acquiring an additional 37,828 shares during the last quarter. NewEdge Wealth LLC boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 2.4% during the 1st quarter. NewEdge Wealth LLC now owns 71,251 shares of the financial services provider’s stock worth $727,000 after acquiring an additional 1,655 shares during the last quarter. Finally, Breakwater Capital Group grew its stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund by 22.1% during the 3rd quarter. Breakwater Capital Group now owns 53,829 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 9,743 shares in the last quarter.

About Nuveen New York AMT-Free Quality Municipal Income Fund

Nuveen New York AMT-Free Quality Municipal Income Fund is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes. The fund is designed for investors seeking tax-advantaged income through a portfolio focused on municipal bonds. The fund invests primarily in investment-grade municipal securities issued by the State of New York, its local governments, public authorities and other related entities.