Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Shares of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.60 and traded as low as $11.53. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.5650, with a volume of 716,516 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Down 0.2%

The company has a 50 day moving average of $11.60 and a 200 day moving average of $11.31.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of $0.068 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Thursday, January 15th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 65.7% during the 4th quarter. Farther Finance Advisors LLC now owns 37,885 shares of the company’s stock valued at $441,000 after buying an additional 15,023 shares during the period. Successful Portfolios LLC lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 6.8% during the fourth quarter. Successful Portfolios LLC now owns 31,559 shares of the company’s stock worth $370,000 after purchasing an additional 2,000 shares during the last quarter. Clear Creek Financial Management LLC lifted its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 54.9% during the 4th quarter. Clear Creek Financial Management LLC now owns 18,322 shares of the company’s stock worth $213,000 after buying an additional 6,494 shares during the last quarter. Leo Wealth LLC lifted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 43.7% during the fourth quarter. Leo Wealth LLC now owns 231,524 shares of the company’s stock worth $2,693,000 after purchasing an additional 70,403 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in Nuveen AMT-Free Quality Municipal Income Fund by 16.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 105,236 shares of the company’s stock worth $1,224,000 after acquiring an additional 14,790 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.