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Nuveen New York Quality Municipal Income Fund V.NAN


Primary Symbol: NAN

Nuveen New York Quality Municipal Income Fund (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality. The Fund invests in various sectors, such as consumer staples, health care, transportation, and utilities. The Funds’ investment adviser is Nuveen Fund Advisors, LLC.


NYSE:NAN - Post by User

Comment by rhodiumdon Nov 08, 2013 2:35pm
203 Views
Post# 21889644

RE:RE:RE:WOW, trading lower then 2-1/2 year ago when the Greenland

RE:RE:RE:WOW, trading lower then 2-1/2 year ago when the Greenland

McMyDay, from what I can remember, the day opened with a spike up to ~0.43, this is when the dumping began. I would have to double check who started dumping, but from what I can remember, RBC was a big part of it. They then kept selling throughout the day all the way down to ~0.34. The price was kept at those levels all day. They ended up purchasing a lot of shares 5-10 minutes before end of trading that day, scooping up everything under ~.37-39 I beleive. The next day opened up with a large bid of 300k+ shares at around ~.395 or so, once again by RBC.


I agree with you that RBC has been a big buyer since then, they simply did everything they could to get the shares as cheap as possible (who can blame them).

Maybe they just "shook the tree" that day...

I haven't been able to double check who purchased what that day, but if anyone has suggestions as to where I could confirm those claims, that would be helpful.

I still beleive this is a great company. I did sell that day too since my money needs to be somewhere else in the short term (new house) and didn't want to take additional risk. If it wasnt for that, I would still own the stock for the long run.

 

GLTA

Rh

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