Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Will Pay Monthly Dividend of $0.07

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0680 per share on Tuesday, December 1st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, November 13th.

Nuveen AMT-Free Quality Municipal Income Fund Stock Down 1.2%

Shares of NYSE:NEA opened at $10.36 on Tuesday. Nuveen AMT-Free Quality Municipal Income Fund has a 52 week low of $9.52 and a 52 week high of $11.90. The business has a fifty day simple moving average of $10.38 and a 200-day simple moving average of $11.23.

Insider Buying and Selling

In other news, Portfolio Manager Michael Hamilton sold 2,676 shares of the stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $9.93, for a total transaction of $26,572.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Nuveen AMT-Free Quality Municipal Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its position in Nuveen AMT-Free Quality Municipal Income Fund by 7.1% during the second quarter. Van ECK Associates Corp now owns 1,413,670 shares of the company’s stock valued at $16,596,000 after acquiring an additional 93,741 shares during the period. Royal Bank of Canada lifted its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 4.2% in the 1st quarter. Royal Bank of Canada now owns 1,330,531 shares of the company’s stock valued at $14,941,000 after purchasing an additional 53,506 shares in the last quarter. HighTower Advisors LLC increased its position in Nuveen AMT-Free Quality Municipal Income Fund by 2.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,089,530 shares of the company’s stock worth $12,791,000 after purchasing an additional 22,573 shares in the last quarter. Melone Private Wealth LLC lifted its position in Nuveen AMT-Free Quality Municipal Income Fund by 14.6% during the third quarter. Melone Private Wealth LLC now owns 988,236 shares of the company’s stock valued at $9,833,000 after buying an additional 125,532 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Nuveen AMT-Free Quality Municipal Income Fund by 1.2% during the third quarter. Commonwealth Equity Services LLC now owns 586,267 shares of the company’s stock valued at $5,833,000 after buying an additional 7,081 shares in the last quarter.

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 current income that is exempt from regular U.S. federal income tax and the federal alternative minimum tax applicable to individuals.

The fund invests primarily in a diversified portfolio of municipal securities issued by states, counties, cities, and other public entities across the United States. These securities may finance public infrastructure and services such as transportation, education, healthcare, utilities, and housing.