Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.00 and traded as low as $10.28. Nuveen New York AMT-Free Quality Municipal Income Fund shares last traded at $10.37, with a volume of 366,887 shares.

Nuveen New York AMT-Free Quality Municipal Income Fund Trading Down 0.6 %

The firm has a fifty day moving average price of $10.83 and a 200 day moving average price of $11.00.

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

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.069 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 7.98%. The ex-dividend date is Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the third quarter valued at $295,000. Virtu Financial LLC acquired a new stake in shares of Nuveen New York AMT-Free Quality Municipal Income Fund during the third quarter worth about $291,000. Stifel Financial Corp boosted its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 8.3% in the third quarter. Stifel Financial Corp now owns 118,332 shares of the financial services provider’s stock valued at $1,325,000 after buying an additional 9,058 shares during the last quarter. HighTower Advisors LLC increased its holdings in Nuveen New York AMT-Free Quality Municipal Income Fund by 0.8% in the 3rd quarter. HighTower Advisors LLC now owns 659,890 shares of the financial services provider’s stock worth $7,392,000 after buying an additional 5,470 shares during the period. Finally, Horizon Kinetics Asset Management LLC raised its position in Nuveen New York AMT-Free Quality Municipal Income Fund by 6.9% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 71,483 shares of the financial services provider’s stock worth $801,000 after buying an additional 4,587 shares during 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 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.