Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Nuveen New York Quality Municipal Income Fund (NYSE:NAN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.44 and traded as low as $11.21. Nuveen New York Quality Municipal Income Fund shares last traded at $11.25, with a volume of 108,613 shares trading hands.

Nuveen New York Quality Municipal Income Fund Trading Up 0.4%

The stock’s fifty day moving average is $11.49 and its two-hundred day moving average is $11.44.

Nuveen New York Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a dividend of $0.068 per share. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Friday, August 14th.

Insider Transactions at Nuveen New York Quality Municipal Income Fund

In other news, major shareholder Of America Corp /De/ Bank acquired 3,000 shares of Nuveen New York Quality Municipal Income Fund stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $11.28 per share, for a total transaction of $33,840.00. Following the completion of the acquisition, the insider directly owned 3,000 shares in the company, valued at approximately $33,840. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in Nuveen New York Quality Municipal Income Fund by 8.2% in the first quarter. NewEdge Advisors LLC now owns 11,901 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 900 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Nuveen New York Quality Municipal Income Fund by 11.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,000 shares of the financial services provider’s stock worth $113,000 after buying an additional 1,000 shares during the period. HighTower Advisors LLC increased its stake in shares of Nuveen New York Quality Municipal Income Fund by 0.7% in the 4th quarter. HighTower Advisors LLC now owns 196,236 shares of the financial services provider’s stock valued at $2,210,000 after acquiring an additional 1,423 shares in the last quarter. Envestnet Asset Management Inc. increased its position in 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 buying an additional 2,044 shares in the last quarter. Finally, LPL Financial LLC increased its position in Nuveen New York Quality Municipal Income Fund by 7.3% in the 4th quarter. LPL Financial LLC now owns 36,634 shares of the financial services provider’s stock valued at $413,000 after buying an additional 2,500 shares in the last quarter.

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.