Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.52 and traded as low as $11.25. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.3550, with a volume of 973,808 shares.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.3%

The business has a 50-day simple moving average of $11.52 and a two-hundred day simple moving average of $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.068 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Wednesday, July 15th.

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

A number of large investors have recently made changes to their positions in the company. Sightline Wealth Advisors LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $174,000. Successful Portfolios LLC increased its position in Nuveen AMT-Free Quality Municipal Income Fund by 6.8% during the 4th quarter. Successful Portfolios LLC now owns 31,559 shares of the company’s stock worth $370,000 after buying an additional 2,000 shares during the period. Clear Creek Financial Management LLC lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 54.9% during the fourth quarter. Clear Creek Financial Management LLC now owns 18,322 shares of the company’s stock worth $213,000 after buying an additional 6,494 shares in the last quarter. Leo Wealth LLC lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 43.7% during the fourth quarter. Leo Wealth LLC now owns 231,524 shares of the company’s stock worth $2,693,000 after buying an additional 70,403 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 16.4% in the fourth quarter. Stratos Wealth Partners LTD. now owns 105,236 shares of the company’s stock valued at $1,224,000 after acquiring an additional 14,790 shares during the period.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) is a closed-end management investment company that seeks to provide high current income exempt from federal alternative minimum tax. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds, focusing on securities that enjoy strong credit quality and are issued by states, municipalities and public authorities across the United States.

In constructing its portfolio, NEA emphasizes bonds that are rated investment grade by one or more major rating agencies, with an aim to balance income generation and risk management.