Nuveen AMT-Free Quality Municipal Income Fund (NEA) to Issue Monthly Dividend of $0.07 on December 31st

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) declared a monthly dividend on Monday, December 1st. Investors of record on Monday, December 15th will be paid a dividend of 0.068 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Monday, December 15th.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

NYSE NEA traded down $0.06 during trading hours on Friday, reaching $11.59. 885,092 shares of the company’s stock were exchanged, compared to its average volume of 1,007,852. The company’s 50-day moving average is $11.50 and its two-hundred day moving average is $11.15. Nuveen AMT-Free Quality Municipal Income Fund has a one year low of $10.00 and a one year high of $11.72.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 11.3% during the 3rd quarter. Raymond James Financial Inc. now owns 2,210,688 shares of the company’s stock worth $25,180,000 after purchasing an additional 224,720 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 2.1% during the third quarter. Bank of America Corp DE now owns 1,627,036 shares of the company’s stock worth $18,532,000 after buying an additional 33,364 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 23.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,483,998 shares of the company’s stock worth $16,903,000 after buying an additional 279,572 shares in the last quarter. McGowan Group Asset Management Inc. raised its position in Nuveen AMT-Free Quality Municipal Income Fund by 4.8% in the 3rd quarter. McGowan Group Asset Management Inc. now owns 1,349,264 shares of the company’s stock valued at $15,368,000 after buying an additional 62,066 shares during the last quarter. Finally, Congress Park Capital LLC raised its position in Nuveen AMT-Free Quality Municipal Income Fund by 12.3% in the 2nd quarter. Congress Park Capital LLC now owns 1,302,500 shares of the company’s stock valued at $14,223,000 after buying an additional 142,500 shares during the last quarter.

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.