Nuveen New York AMT-Free Quality Municipal Income Fund (NRK)
Nuveen New York AMT-Free Quality Municipal Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $10.52, down 0.09% on the session, giving a market capitalisation of $917.7M. On trailing twelve-month figures it carries a trailing P/E of -11.95, a net margin of -103.9%. Its beta of 0.64 implies it has historically moved less than the broad market.
The Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) operates as a closed-end investment vehicle, originally launched by Nuveen Investments, Inc., that specializes in fixed-income securities. It is jointly managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC, with a core focus on the fixed income markets of New York. The fund strategically allocates capital to undervalued municipal bonds and related instruments. These chosen investments are designed to yield income free from regular federal and New York state income taxes. Furthermore, they are often backed by insurance from financially sound providers and maintain a minimum credit rating of Baa or BBB, with an average maturity of approximately 15.98 years. To construct its portfolio, the fund employs a fundamental, bottom-up selection methodology. Its performance is benchmarked against both the S&P New York Municipal Bond Index and the S&P Insured National Municipal Bond Index. Established in the United States on July 29, 2002, it was formerly recognized as the Nuveen New York AMT-Free Municipal Income Fund.
Nuveen New York AMT-Free Quality Municipal Income Fund is most often compared with the following Financial Services names: