Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.51 and traded as high as $11.75. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.7250, with a volume of 916,651 shares.

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

The company’s fifty day simple moving average is $11.51 and its 200-day simple moving average is $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.068 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

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

Several large investors have recently bought and sold shares of the company. Basepoint Wealth LLC purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $26,000. Noble Wealth Management PBC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth approximately $31,000. Entrust Financial LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth approximately $32,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the first quarter worth approximately $41,000. Finally, International Assets Investment Management LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $44,000.

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.