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

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $11.49 and traded as high as $11.61. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.6050, with a volume of 566,517 shares traded.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

The business has a 50 day moving average of $11.49 and a 200 day moving average of $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.068 per share. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, June 15th.

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

Several large investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter worth approximately $174,000. Sunbelt Securities Inc. lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 7.5% during the first quarter. Sunbelt Securities Inc. now owns 16,529 shares of the company’s stock valued at $186,000 after acquiring an additional 1,150 shares during the period. Royal Bank of Canada boosted 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. Quantinno Capital Management LP boosted its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 98.8% in the 1st quarter. Quantinno Capital Management LP now owns 20,877 shares of the company’s stock valued at $234,000 after purchasing an additional 10,377 shares in the last quarter. Finally, Gateway Wealth Partners LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter worth about $149,000.

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.