Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.20 and traded as high as $11.78. Nuveen New York Quality Municipal Income Fund shares last traded at $11.72, with a volume of 93,129 shares traded.

Nuveen New York Quality Municipal Income Fund Price Performance

The stock has a 50-day moving average price of $11.60 and a two-hundred day moving average price of $11.21.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.072 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.86 dividend on an annualized basis and a yield of 7.35%.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NAN. Commonwealth Equity Services LLC lifted its holdings in shares of Nuveen New York Quality Municipal Income Fund by 8.1% during the second quarter. Commonwealth Equity Services LLC now owns 59,624 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 4,446 shares in the last quarter. OMNI 360 Wealth Inc. raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 12.6% during the second quarter. OMNI 360 Wealth Inc. now owns 27,064 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 3,028 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in Nuveen New York Quality Municipal Income Fund during the second quarter valued at approximately $123,000. Janney Montgomery Scott LLC boosted its holdings in Nuveen New York Quality Municipal Income Fund by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 37,872 shares of the financial services provider’s stock worth $415,000 after purchasing an additional 972 shares during the last quarter. Finally, Karpus Management Inc. grew its position in Nuveen New York Quality Municipal Income Fund by 0.6% in the 1st quarter. Karpus Management Inc. now owns 957,236 shares of the financial services provider’s stock worth $10,482,000 after purchasing an additional 6,177 shares during the period.

Nuveen New York Quality Municipal Income Fund Company Profile

Nuveen New York 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 municipal bonds, with a rating of Baa or higher.