Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Passes Above 50 Day Moving Average – What’s Next?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.45 and traded as high as $11.65. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.6150, with a volume of 1,169,637 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Down 0.8%

The company has a 50-day moving average price of $11.47 and a 200 day moving average price of $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.068 dividend. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Basepoint Wealth LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth $26,000. Noble Wealth Management PBC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth $31,000. Entrust Financial LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth $32,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the first quarter worth $41,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the third quarter worth $42,000.

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.