NRK Stock Summary and Trading Ideas (Nuveen New York Amount Free Quality Muni | NYSE:NRK)

The fund's investment objectives are to provide current income exempt from regular federal income tax and the alternative minimum tax applicable to individuals and New York 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, including the alternative minimum tax (AMT). The fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) 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, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The fund uses leverage.

Nuveen New York Amount Free Quality Muni trades on the NYSE stock market under the symbol NRK.

As of April 19, 2024, NRK stock price climbed to $10.61 with 10,724 million shares trading.

NRK has a beta of 0.57, meaning it tends to be less sensitive to market movements. NRK has a correlation of 0.30 to the broad based SPY ETF.

NRK has a market cap of $925.57 million. This is considered a Small Cap stock.

In the last 3 years, NRK stock traded as high as $14.45 and as low as $8.96.

NRK has underperformed the market in the last year with a return of +7.1%, while the SPY ETF gained +22.3%. In the last 3 month period, NRK fell short of the market, returning +3.4%, while SPY returned +5.3%. However, in the most recent 2 weeks NRK has outperformed the stock market by returning -1.2%, while SPY returned -2.5%.

NRK support price is $10.51 and resistance is $10.66 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NRK stock will trade within this expected range on the day.