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

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.53 and traded as low as $11.14. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.28, with a volume of 2,348,215 shares changing hands.

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

The business has a 50-day moving average of $11.53 and a 200-day moving average of $11.60.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.073 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.88 annualized dividend and a dividend yield of 7.65%.

Hedge Funds Weigh In On Nuveen AMT-Free Quality Municipal Income Fund

A number of institutional investors have recently bought and sold shares of the business. Coastline Trust Co bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter worth about $25,000. Luken Investment Analytics LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter worth approximately $27,000. Eastern Bank bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at $28,000. JPMorgan Chase & Co. bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter worth $31,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the third quarter worth $36,000.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

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.