Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.31 and traded as low as $10.40. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.64, with a volume of 2,742,315 shares.

Nuveen AMT-Free Quality Municipal Income Fund Stock Down 0.0 %

The firm has a 50 day moving average price of $11.29 and a 200 day moving average price of $11.46.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.073 per share. This represents a $0.88 annualized dividend and a yield of 8.26%. The ex-dividend date of this dividend is Tuesday, April 15th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the third quarter valued at approximately $31,000. Fifth Third Bancorp bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $33,000. American National Bank & Trust purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter valued at $38,000. Park Square Financial Group LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 4th quarter worth $52,000. Finally, WASHINGTON TRUST Co boosted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 120.9% in the 4th quarter. WASHINGTON TRUST Co now owns 5,523 shares of the company’s stock worth $62,000 after buying an additional 3,023 shares during the last quarter.

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.