Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Pass Below 50 Day Moving Average of $10.90

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.90 and traded as low as $10.60. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.64, with a volume of 953,333 shares traded.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

The stock’s 50 day simple moving average is $10.90 and its 200-day simple moving average is $10.69.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.051 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date is Friday, April 12th.

Insider Transactions at Nuveen AMT-Free Quality Municipal Income Fund

In related news, VP David J. Lamb acquired 6,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average cost of $11.04 per share, with a total value of $66,240.00. Following the completion of the transaction, the vice president now owns 6,000 shares in the company, valued at approximately $66,240. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

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

A number of institutional investors and hedge funds have recently made changes to their positions in NEA. NBC Securities Inc. acquired a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the third quarter worth about $29,000. AdvisorNet Financial Inc acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $35,000. Fortitude Family Office LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $41,000. UMB Bank n.a. acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $44,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $44,000.

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.