Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.94 and traded as high as $10.99. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.94, with a volume of 1,020,228 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

The company’s 50 day moving average price is $10.94 and its 200 day moving average price is $11.29.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be paid a dividend of $0.073 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 annualized dividend and a dividend yield of 8.01%.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Several hedge funds have recently modified their holdings of NEA. Raymond James Financial Inc. bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter valued at approximately $23,264,000. Wells Fargo & Company MN boosted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 81.9% in the fourth 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 last quarter. Bramshill Investments LLC boosted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 27.5% in the fourth quarter. Bramshill Investments LLC now owns 4,356,813 shares of the company’s stock valued at $49,145,000 after acquiring an additional 939,948 shares during the last quarter. Broyhill Asset Management bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $2,635,000. Finally, StoneX Group Inc. bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $2,623,000.

About Nuveen AMT-Free Quality Municipal Income Fund

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.