Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $10.26 and traded as low as $10.13. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.1450, with a volume of 1,411,880 shares.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

The company has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $11.18.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a $0.0680 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Friday, November 13th.

Insider Activity at Nuveen AMT-Free Quality Municipal Income Fund

In related news, Portfolio Manager Michael Hamilton sold 2,676 shares of the firm’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $9.93, for a total transaction of $26,572.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEA. URS Advisory LLC increased its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 6.0% in the third quarter. URS Advisory LLC now owns 30,188 shares of the company’s stock worth $300,000 after acquiring an additional 1,708 shares during the last quarter. Private Advisor Group LLC boosted its position in Nuveen AMT-Free Quality Municipal Income Fund by 60.0% during the third quarter. Private Advisor Group LLC now owns 121,182 shares of the company’s stock valued at $1,206,000 after purchasing an additional 45,443 shares during the last quarter. Tyche Wealth Partners LLC grew its stake in Nuveen AMT-Free Quality Municipal Income Fund by 2.6% in the third quarter. Tyche Wealth Partners LLC now owns 160,616 shares of the company’s stock valued at $1,598,000 after purchasing an additional 4,042 shares in the last quarter. HighTower Advisors LLC grew its stake in Nuveen AMT-Free Quality Municipal Income Fund by 3.6% in the third quarter. HighTower Advisors LLC now owns 1,128,362 shares of the company’s stock valued at $11,227,000 after purchasing an additional 38,832 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Nuveen AMT-Free Quality Municipal Income Fund by 11.9% in the third quarter. Allworth Financial LP now owns 28,239 shares of the company’s stock valued at $281,000 after purchasing an additional 3,000 shares in the last quarter.

About Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) is a closed-end management investment company that seeks to provide current income that is exempt from regular U.S. federal income tax and the federal alternative minimum tax applicable to individuals. The fund invests primarily in a diversified portfolio of municipal securities issued by states, counties, cities, and other public entities across the United States. These securities may finance public infrastructure and services such as transportation, education, healthcare, utilities, and housing.