Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.33 and traded as low as $10.93. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.9550, with a volume of 1,920,401 shares.

Nuveen AMT-Free Quality Municipal Income Fund Trading Down 0.7%

The company’s 50-day moving average is $11.33 and its two-hundred day moving average is $11.45.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.068 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Large investors have recently bought and sold shares of the company. Basepoint Wealth LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at $26,000. Entrust Financial LLC purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter valued at about $32,000. Pinnacle Bancorp Inc. bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the first quarter worth about $41,000. International Assets Investment Management LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $44,000. Finally, Allied Private Wealth LLC purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the second quarter worth about $72,000.

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 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.