Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Cross Below Fifty Day Moving Average – What’s Next?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $10.53 and traded as low as $10.00. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.1350, with a volume of 1,770,437 shares traded.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 1.8%

The business has a 50-day moving average price of $10.53 and a 200-day moving average price of $11.14.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a $0.0680 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.82 dividend on an annualized basis and a yield of 8.1%.

Insiders Place Their Bets

In related news, Portfolio Manager Michael Hamilton sold 2,676 shares of Nuveen AMT-Free Quality Municipal Income Fund stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $9.93, for a total value of $26,572.68. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the company. Calamos Advisors LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the first quarter valued at approximately $135,000. Harmony Asset Management LLC lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 21.2% in the 1st quarter. Harmony Asset Management LLC now owns 23,400 shares of the company’s stock valued at $263,000 after acquiring an additional 4,100 shares in the last quarter. Retirement Planning Group LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter valued at approximately $242,000. Calamos Wealth Management LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter worth approximately $135,000. Finally, Kestra Advisory Services LLC boosted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 59.4% in the 1st quarter. Kestra Advisory Services LLC now owns 439,599 shares of the company’s stock worth $4,966,000 after purchasing an additional 163,738 shares during the period.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

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.