Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Plans $0.07 Monthly Dividend

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.068 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Friday, August 14th.

Nuveen AMT-Free Quality Municipal Income Fund Trading Down 0.1%

Shares of NEA opened at $11.26 on Tuesday. Nuveen AMT-Free Quality Municipal Income Fund has a one year low of $10.76 and a one year high of $11.90. The company’s fifty day moving average price is $11.52 and its 200 day moving average price is $11.54.

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

Several hedge funds and other institutional investors have recently modified their holdings of NEA. Basepoint Wealth LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $26,000. Entrust Financial LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at about $32,000. Pinnacle Bancorp Inc. bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter worth approximately $41,000. International Assets Investment Management LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at $44,000. Finally, Allied Private Wealth LLC bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the second quarter worth about $72,000.

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.