Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.78 and traded as low as $11.55. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.59, with a volume of 1,267,264 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Trading Down 1.1 %

The stock has a 50-day moving average of $11.78 and a 200 day moving average of $11.37.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.073 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.88 dividend on an annualized basis and a yield of 7.56%.

Institutional Investors Weigh In On Nuveen AMT-Free Quality Municipal Income Fund

A number of hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its position in Nuveen AMT-Free Quality Municipal Income Fund by 7.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,857,561 shares of the company’s stock worth $20,563,000 after acquiring an additional 130,000 shares during the period. Moloney Securities Asset Management LLC increased its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 7.8% during the 1st quarter. Moloney Securities Asset Management LLC now owns 22,000 shares of the company’s stock worth $244,000 after purchasing an additional 1,600 shares during the last quarter. Wakefield Asset Management LLLP raised its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 3.5% in the 1st quarter. Wakefield Asset Management LLLP now owns 158,785 shares of the company’s stock worth $1,758,000 after purchasing an additional 5,421 shares during the period. Seelaus Asset Management LLC purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund in the first quarter valued at approximately $158,000. Finally, Hartline Investment Corp bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the first quarter valued at $161,000.

About Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.