Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.54 and traded as low as $11.48. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.4950, with a volume of 676,256 shares trading hands.

Nuveen AMT-Free Quality Municipal Income Fund Trading Down 0.5%

The business has a fifty day moving average price of $11.54 and a two-hundred day moving average price of $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be given a $0.068 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

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

A number of institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN increased its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 4.0% during the fourth quarter. Wells Fargo & Company MN now owns 2,729,208 shares of the company’s stock valued at $31,741,000 after acquiring an additional 105,807 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 52.0% in the 4th quarter. Guggenheim Capital LLC now owns 2,469,932 shares of the company’s stock worth $28,725,000 after acquiring an additional 845,210 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 11.3% during the 3rd quarter. Raymond James Financial Inc. now owns 2,210,688 shares of the company’s stock worth $25,180,000 after purchasing an additional 224,720 shares during the period. UBS Group AG boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 1.2% during the 4th quarter. UBS Group AG now owns 1,795,582 shares of the company’s stock worth $20,883,000 after purchasing an additional 20,694 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 19.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,773,541 shares of the company’s stock worth $20,626,000 after purchasing an additional 289,543 shares during the period.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) is a closed-end management investment company that seeks to provide high current income exempt from federal alternative minimum tax. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds, focusing on securities that enjoy strong credit quality and are issued by states, municipalities and public authorities across the United States.

In constructing its portfolio, NEA emphasizes bonds that are rated investment grade by one or more major rating agencies, with an aim to balance income generation and risk management.