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

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.60 and traded as low as $11.47. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.49, with a volume of 1,583,077 shares trading hands.

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

The company’s 50 day simple moving average is $11.69 and its 200 day simple moving average is $11.60.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.073 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date of this dividend is Friday, December 13th.

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

A number of institutional investors and hedge funds have recently bought and sold shares of NEA. AE Wealth Management LLC grew its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 4.9% during the second quarter. AE Wealth Management LLC now owns 19,333 shares of the company’s stock worth $222,000 after purchasing an additional 895 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in Nuveen AMT-Free Quality Municipal Income Fund by 1.8% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 54,327 shares of the company’s stock worth $650,000 after buying an additional 965 shares during the last quarter. Good Life Advisors LLC increased its position in Nuveen AMT-Free Quality Municipal Income Fund by 4.8% during the third quarter. Good Life Advisors LLC now owns 22,802 shares of the company’s stock worth $273,000 after buying an additional 1,040 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 184,791 shares of the company’s stock valued at $2,118,000 after buying an additional 1,273 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 8.6% in the third quarter. Moors & Cabot Inc. now owns 17,078 shares of the company’s stock valued at $204,000 after acquiring an additional 1,349 shares during the period.

About Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.