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

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.44 and traded as low as $11.28. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.37, with a volume of 836,576 shares trading hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Up 0.9 %

The business’s 50 day moving average price is $11.43 and its two-hundred day moving average price is $11.58.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.073 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.88 annualized dividend and a dividend yield of 7.66%.

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 stock. Stratos Wealth Advisors LLC grew its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 192.3% during the third quarter. Stratos Wealth Advisors LLC now owns 497,008 shares of the company’s stock valued at $5,949,000 after buying an additional 326,960 shares in the last quarter. FLC Capital Advisors grew its stake in Nuveen AMT-Free Quality Municipal Income Fund by 68.8% during the 3rd quarter. FLC Capital Advisors now owns 35,576 shares of the company’s stock valued at $426,000 after acquiring an additional 14,500 shares in the last quarter. Leisure Capital Management increased its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 124.2% in the 3rd quarter. Leisure Capital Management now owns 22,516 shares of the company’s stock valued at $270,000 after purchasing an additional 12,471 shares during the period. Brookstone Capital Management purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the third quarter worth approximately $146,000. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 1.8% during the third quarter. Redhawk Wealth Advisors Inc. now owns 54,327 shares of the company’s stock worth $650,000 after purchasing an additional 965 shares during the period.

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.