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

Shares of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $10.40 and traded as high as $10.49. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.44, with a volume of 1,584,827 shares traded.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

The stock’s 50 day simple moving average is $10.40 and its two-hundred day simple moving average is $11.24.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0680 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.82 annualized dividend and a dividend yield of 7.8%.

Insider Activity at Nuveen AMT-Free Quality Municipal Income Fund

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

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Large investors have recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 3.6% in the first quarter. Cetera Investment Advisers now owns 541,993 shares of the company’s stock valued at $6,087,000 after buying an additional 18,827 shares during the period. Hilltop Holdings Inc. lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 24.5% during the 1st quarter. Hilltop Holdings Inc. now owns 15,308 shares of the company’s stock valued at $172,000 after buying an additional 3,010 shares during the last quarter. Lido Advisors LLC grew its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 1.8% during the 1st quarter. Lido Advisors LLC now owns 227,460 shares of the company’s stock worth $2,570,000 after acquiring an additional 4,110 shares during the period. NewEdge Wealth LLC grew its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 1.0% during the 1st quarter. NewEdge Wealth LLC now owns 123,680 shares of the company’s stock worth $1,389,000 after acquiring an additional 1,280 shares during the period. Finally, Independent Financial Group LLC bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter worth $386,000.

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 current income that is exempt from regular U.S. federal income tax and the federal alternative minimum tax applicable to individuals.

The fund invests primarily in a diversified portfolio of municipal securities issued by states, counties, cities, and other public entities across the United States. These securities may finance public infrastructure and services such as transportation, education, healthcare, utilities, and housing.