Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Cross Below Fifty Day Moving Average – What’s Next?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $10.53 and traded as low as $10.00. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.1350, with a volume of 1,770,437 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Up 1.8%

The company has a 50-day moving average price of $10.53 and a 200 day moving average price of $11.14.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.0680 per share. This represents a $0.82 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Thursday, October 15th.

Insider Transactions at Nuveen AMT-Free Quality Municipal Income Fund

In related news, Portfolio Manager Michael Hamilton sold 2,676 shares of the stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $9.93, for a total value of $26,572.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

Several institutional investors and hedge funds have recently bought and sold shares of NEA. Van ECK Associates Corp increased its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 7.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,413,670 shares of the company’s stock valued at $16,596,000 after purchasing an additional 93,741 shares during the period. Royal Bank of Canada lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 4.2% in the first quarter. Royal Bank of Canada now owns 1,330,531 shares of the company’s stock worth $14,941,000 after purchasing an additional 53,506 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 2.1% in the second quarter. HighTower Advisors LLC now owns 1,089,530 shares of the company’s stock worth $12,791,000 after purchasing an additional 22,573 shares in the last quarter. Melone Private Wealth LLC lifted its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 21.2% in the second quarter. Melone Private Wealth LLC now owns 862,704 shares of the company’s stock worth $10,128,000 after purchasing an additional 150,967 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC boosted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 5.3% during the first quarter. Eagle Bluffs Wealth Management LLC now owns 678,395 shares of the company’s stock worth $7,664,000 after purchasing an additional 33,928 shares during the period.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NEA. The fund seeks to provide current income that is generally exempt from regular federal income tax and the federal alternative minimum tax, while also pursuing the preservation of capital.

The fund invests primarily in municipal bonds and other tax-exempt municipal securities issued by states, local governments and related entities across the United States.