Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Share Price Passes Below 50 Day Moving Average – What’s Next?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.53 and traded as low as $11.14. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.28, with a volume of 2,348,215 shares.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

The company has a 50-day moving average price of $11.53 and a 200-day moving average price of $11.60.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.073 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.65%.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

A number of hedge funds have recently modified their holdings of the company. Coastline Trust Co acquired a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at approximately $25,000. Luken Investment Analytics LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter worth approximately $27,000. Eastern Bank bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter worth approximately $28,000. JPMorgan Chase & Co. acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at approximately $31,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the third quarter worth $36,000.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

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.