Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shareholders to Receive $0.07 Monthly Dividend

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) declared a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be given a dividend of $0.0680 per share on Monday, November 2nd. This represents a $0.82 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

Nuveen AMT-Free Quality Municipal Income Fund stock opened at $10.21 on Friday. The business has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $11.28. Nuveen AMT-Free Quality Municipal Income Fund has a 12 month low of $9.52 and a 12 month high of $11.90.

Insider Buying and Selling

In other news, Portfolio Manager Michael S. Hamilton sold 2,676 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $9.93, for a total transaction of $26,572.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 59.4% in the 1st quarter. Kestra Advisory Services LLC now owns 439,599 shares of the company’s stock valued at $4,966,000 after buying an additional 163,738 shares during the period. Melone Private Wealth LLC boosted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 21.2% in the 2nd quarter. Melone Private Wealth LLC now owns 862,704 shares of the company’s stock valued at $10,128,000 after buying an additional 150,967 shares in the last quarter. Eagle Bluffs Wealth Management LLC grew its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 30.2% in the 4th quarter. Eagle Bluffs Wealth Management LLC now owns 644,467 shares of the company’s stock valued at $7,495,000 after buying an additional 149,531 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Nuveen AMT-Free Quality Municipal Income Fund by 119.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 173,183 shares of the company’s stock worth $2,033,000 after acquiring an additional 94,216 shares in the last quarter. Finally, MBA Advisors LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter worth $1,105,000.

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.