Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Declares Monthly Dividend of $0.07

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.068 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, May 15th.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

Nuveen AMT-Free Quality Municipal Income Fund stock traded down $0.05 during trading hours on Wednesday, hitting $11.55. The company had a trading volume of 351,772 shares, compared to its average volume of 873,569. The company has a 50-day moving average price of $11.48 and a two-hundred day moving average price of $11.57. Nuveen AMT-Free Quality Municipal Income Fund has a 1 year low of $10.60 and a 1 year high of $11.90.

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

Several hedge funds have recently modified their holdings of NEA. Jones Financial Companies Lllp lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 917.6% in the 1st quarter. Jones Financial Companies Lllp now owns 75,629 shares of the company’s stock worth $847,000 after purchasing an additional 68,197 shares during the period. Goldman Sachs Group Inc. purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter worth approximately $319,000. Jane Street Group LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter worth approximately $249,000. XTX Topco Ltd purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 2nd quarter worth approximately $177,000. Finally, Invesco Ltd. lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 6.9% in the 2nd quarter. Invesco Ltd. now owns 201,115 shares of the company’s stock worth $2,196,000 after purchasing an additional 12,925 shares during the period.

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.