Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Nuveen New York Quality Municipal Income Fund (NYSE:NAN) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.34 and traded as low as $11.28. Nuveen New York Quality Municipal Income Fund shares last traded at $11.2950, with a volume of 66,785 shares traded.

Nuveen New York Quality Municipal Income Fund Trading Up 0.3%

The business has a fifty day moving average price of $11.40 and a two-hundred day moving average price of $11.33.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a $0.072 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Thursday, January 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its stake in shares of Nuveen New York Quality Municipal Income Fund by 4.9% during the second quarter. Guggenheim Capital LLC now owns 714,149 shares of the financial services provider’s stock worth $8,148,000 after purchasing an additional 33,635 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of 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 acquiring an additional 146,182 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Nuveen New York Quality Municipal Income Fund during the third quarter worth approximately $2,018,000. Lionshead Wealth Management LLC acquired a new position in Nuveen New York Quality Municipal Income Fund in the second quarter valued at approximately $731,000. 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.