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

Shares of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.11 and traded as low as $10.78. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.83, with a volume of 897,420 shares trading hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Up 0.3 %

The firm has a 50 day simple moving average of $11.11 and a two-hundred day simple moving average of $11.36.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.073 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 8.09%.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

A number of institutional investors have recently modified their holdings of NEA. Raymond James Financial Inc. purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $23,264,000. Wells Fargo & Company MN boosted its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 81.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,997,374 shares of the company’s stock valued at $33,810,000 after buying an additional 1,349,195 shares in the last quarter. Bramshill Investments LLC boosted its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 27.5% in the fourth quarter. Bramshill Investments LLC now owns 4,356,813 shares of the company’s stock valued at $49,145,000 after buying an additional 939,948 shares in the last quarter. Broyhill Asset Management purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $2,635,000. Finally, StoneX Group Inc. purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $2,623,000.

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.