Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Crosses Below Fifty 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 Monday . The stock has a fifty day moving average of $11.42 and traded as low as $11.30. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.32, with a volume of 889,198 shares trading hands.

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

The firm’s 50 day moving average price is $11.42 and its two-hundred day moving average price is $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.073 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.88 annualized dividend and a yield of 7.74%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEA. Bramshill Investments LLC increased its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 27.5% during 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 during the last quarter. Mackay Shields LLC increased its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 0.9% during the fourth quarter. Mackay Shields LLC now owns 4,041,001 shares of the company’s stock valued at $45,582,000 after acquiring an additional 36,981 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 81.9% in the 4th quarter. Wells Fargo & Company MN now owns 2,997,374 shares of the company’s stock valued at $33,810,000 after acquiring an additional 1,349,195 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at approximately $23,264,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 1.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,643,217 shares of the company’s stock worth $18,535,000 after acquiring an additional 18,451 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.