Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.35 and traded as high as $11.54. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.53, with a volume of 642,453 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.1 %

The business’s fifty day simple moving average is $11.35 and its 200-day simple moving average is $11.59.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a dividend of $0.073 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.60%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NEA. Raymond James Financial Inc. bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter valued at about $23,264,000. Wells Fargo & Company MN increased its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 81.9% during the 4th quarter. Wells Fargo & Company MN now owns 2,997,374 shares of the company’s stock worth $33,810,000 after acquiring an additional 1,349,195 shares during the period. Bramshill Investments LLC lifted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 27.5% in the 4th quarter. Bramshill Investments LLC now owns 4,356,813 shares of the company’s stock worth $49,145,000 after purchasing an additional 939,948 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter worth approximately $3,677,000. Finally, Broyhill Asset Management bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $2,635,000.

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.