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

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 $11.69 and traded as high as $11.86. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.8450, with a volume of 729,517 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.0%

The business’s 50-day simple moving average is $11.69 and its two-hundred day simple moving average is $11.47.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a dividend of $0.068 per share. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Friday, February 13th.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Gridiron Partners LLC grew its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 638.4% during the 3rd quarter. Gridiron Partners LLC now owns 1,254,447 shares of the company’s stock worth $14,288,000 after buying an additional 1,084,569 shares during the period. Guggenheim Capital LLC lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 52.0% during the 4th quarter. Guggenheim Capital LLC now owns 2,469,932 shares of the company’s stock valued at $28,725,000 after acquiring an additional 845,210 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 145.7% during the second quarter. Rockefeller Capital Management L.P. now owns 1,045,392 shares of the company’s stock worth $11,416,000 after acquiring an additional 619,953 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 151.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 669,776 shares of the company’s stock worth $7,789,000 after acquiring an additional 403,082 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 19.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,773,541 shares of the company’s stock worth $20,626,000 after purchasing an additional 289,543 shares during the period.

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.