Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Shares of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.62 and traded as low as $10.94. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.9550, with a volume of 1,158,112 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

The firm has a 50 day moving average price of $11.62 and a 200-day moving average price of $11.55.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.068 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, March 13th.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. World Investment Advisors lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 66.6% in the fourth quarter. World Investment Advisors now owns 23,644 shares of the company’s stock valued at $275,000 after purchasing an additional 9,448 shares in the last quarter. Alpine Global Management LLC increased its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 2.7% during the 4th quarter. Alpine Global Management LLC now owns 36,987 shares of the company’s stock worth $430,000 after purchasing an additional 987 shares in the last quarter. Invesco Ltd. raised its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 3.2% during the 4th quarter. Invesco Ltd. now owns 226,235 shares of the company’s stock worth $2,631,000 after purchasing an additional 6,958 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 26.6% during the 4th quarter. Corient Private Wealth LLC now owns 172,304 shares of the company’s stock worth $2,004,000 after purchasing an additional 36,171 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at approximately $128,000.

About Nuveen AMT-Free Quality Municipal Income Fund

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.