Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Cross Below 50 Day Moving Average of $10.68

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 $10.68 and traded as low as $10.24. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.30, with a volume of 1,147,941 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

The firm has a 50 day simple moving average of $10.68 and a two-hundred day simple moving average of $10.83.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Thursday, September 14th.

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

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter worth approximately $28,000. ICA Group Wealth Management LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 4th quarter worth $30,000. Adirondack Trust Co. purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter worth about $30,000. Missouri Trust & Investment Co bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the second quarter valued at about $31,000. Finally, Pinnacle Bancorp Inc. bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter valued at approximately $33,000.

About Nuveen AMT-Free Quality Municipal Income Fund

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.