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

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.52 and traded as low as $11.25. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.3550, with a volume of 973,808 shares traded.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

The business’s 50-day moving average price is $11.52 and its two-hundred day moving average price is $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.068 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Wednesday, July 15th.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Institutional investors have recently modified their holdings of the stock. Alpine Global Management LLC raised its stake in Nuveen AMT-Free Quality Municipal Income Fund by 2.7% in the fourth quarter. Alpine Global Management LLC now owns 36,987 shares of the company’s stock valued at $430,000 after purchasing an additional 987 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in Nuveen AMT-Free Quality Municipal Income Fund by 1.8% during the second quarter. Redhawk Wealth Advisors Inc. now owns 58,775 shares of the company’s stock worth $690,000 after buying an additional 1,035 shares in the last quarter. Founders Financial Alliance LLC increased its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 1.9% in the 4th quarter. Founders Financial Alliance LLC now owns 57,946 shares of the company’s stock valued at $674,000 after buying an additional 1,074 shares during the period. Wakefield Asset Management LLLP increased its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 0.7% in the 4th quarter. Wakefield Asset Management LLLP now owns 164,842 shares of the company’s stock valued at $1,917,000 after buying an additional 1,078 shares during the period. Finally, Sunbelt Securities Inc. increased its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 7.5% in the 1st quarter. Sunbelt Securities Inc. now owns 16,529 shares of the company’s stock valued at $186,000 after buying an additional 1,150 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.