Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Price Crosses Below 50-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 Tuesday. The stock has a 50 day moving average of $10.71 and traded as low as $9.90. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.0040, with a volume of 2,621,673 shares.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.9%

The business’s fifty day simple moving average is $10.71 and its 200-day simple moving average is $11.20.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.0680 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.2%.

Insider Buying and Selling at Nuveen AMT-Free Quality Municipal Income Fund

In related news, Portfolio Manager Michael S. Hamilton sold 2,676 shares of the firm’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $9.93, for a total transaction of $26,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NEA. Van ECK Associates Corp increased its stake in Nuveen AMT-Free Quality Municipal Income Fund by 7.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,413,670 shares of the company’s stock worth $16,596,000 after acquiring an additional 93,741 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 4.2% during the 1st quarter. Royal Bank of Canada now owns 1,330,531 shares of the company’s stock worth $14,941,000 after acquiring an additional 53,506 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 2.1% during the 2nd quarter. HighTower Advisors LLC now owns 1,089,530 shares of the company’s stock valued at $12,791,000 after acquiring an additional 22,573 shares during the last quarter. Melone Private Wealth LLC boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 21.2% during the 2nd quarter. Melone Private Wealth LLC now owns 862,704 shares of the company’s stock valued at $10,128,000 after acquiring an additional 150,967 shares during the last quarter. Finally, Eagle Bluffs Wealth Management LLC boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 5.3% during the 1st quarter. Eagle Bluffs Wealth Management LLC now owns 678,395 shares of the company’s stock valued at $7,664,000 after acquiring an additional 33,928 shares during the last quarter.

About Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NEA. The fund seeks to provide current income that is generally exempt from regular federal income tax and the federal alternative minimum tax, while also pursuing the preservation of capital.

The fund invests primarily in municipal bonds and other tax-exempt municipal securities issued by states, local governments and related entities across the United States.