Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Passes Above 50-Day Moving Average – Here’s Why

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s share price crossed 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 company has a 50-day simple moving average of $11.35 and a two-hundred day simple moving average of $11.59.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

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

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Hedge funds have recently made changes to their positions in the stock. Eagle Bluffs Wealth Management LLC boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 7.7% in the 3rd quarter. Eagle Bluffs Wealth Management LLC now owns 377,727 shares of the company’s stock worth $4,549,000 after purchasing an additional 26,982 shares in the last quarter. Creative Planning boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 13.7% in the 3rd quarter. Creative Planning now owns 28,681 shares of the company’s stock worth $343,000 after purchasing an additional 3,461 shares in the last quarter. Moloney Securities Asset Management LLC boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 19.3% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 26,250 shares of the company’s stock worth $314,000 after purchasing an additional 4,250 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 33.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 81,207 shares of the company’s stock worth $972,000 after purchasing an additional 20,169 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in Nuveen AMT-Free Quality Municipal Income Fund by 1,220.4% in the 3rd quarter. International Assets Investment Management LLC now owns 55,115 shares of the company’s stock valued at $660,000 after acquiring an additional 50,941 shares in 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.