Nuveen New York Quality Municipal Income Fund (NYSE:NAN) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Nuveen New York Quality Municipal Income Fund (NYSE:NAN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.53 and traded as high as $11.77. Nuveen New York Quality Municipal Income Fund shares last traded at $11.73, with a volume of 32,263 shares trading hands.

Nuveen New York Quality Municipal Income Fund Stock Down 0.1 %

The firm’s fifty day moving average is $11.42 and its 200-day moving average is $11.53.

Nuveen New York Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a dividend of $0.072 per share. The ex-dividend date is Friday, February 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 7.37%.

Institutional Trading of Nuveen New York Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 7.3% during the fourth quarter. Bank of America Corp DE now owns 786,198 shares of the financial services provider’s stock worth $8,963,000 after purchasing an additional 53,761 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 6.7% during the fourth quarter. Guggenheim Capital LLC now owns 665,090 shares of the financial services provider’s stock worth $7,582,000 after purchasing an additional 41,782 shares during the period. Broyhill Asset Management acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the fourth quarter worth $114,000. Raymond James Financial Inc. acquired a new stake in shares of Nuveen New York Quality Municipal Income Fund during the fourth quarter worth $781,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Nuveen New York Quality Municipal Income Fund by 17.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 17,839 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 2,617 shares during the period.

About Nuveen New York Quality Municipal Income Fund

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.