Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.52 and traded as low as $11.25. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.3550, with a volume of 973,808 shares traded.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.3%

The stock has a 50-day moving average price of $11.52 and a 200 day moving average price of $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a $0.068 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.2%.

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

Several hedge funds have recently made changes to their positions in NEA. Basepoint Wealth LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth $26,000. Entrust Financial LLC bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 4th quarter worth about $32,000. Pinnacle Bancorp Inc. bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter worth about $41,000. International Assets Investment Management LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter valued at approximately $44,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at approximately $72,000.

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.