Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.42 and traded as low as $11.30. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.32, with a volume of 889,198 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Down 0.7 %

The business has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.073 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.88 annualized dividend and a dividend yield of 7.85%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 36.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 110,964 shares of the company’s stock worth $1,252,000 after acquiring an additional 29,757 shares during the period. Palogic Value Management L.P. boosted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 35.5% in the 4th quarter. Palogic Value Management L.P. now owns 208,943 shares of the company’s stock worth $2,357,000 after purchasing an additional 54,750 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter valued at $52,000. Aberdeen Wealth Management LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth approximately $266,000. Finally, Harmony Asset Management LLC lifted its position in Nuveen AMT-Free Quality Municipal Income Fund by 109.3% in the 4th quarter. Harmony Asset Management LLC now owns 31,213 shares of the company’s stock worth $352,000 after buying an additional 16,300 shares in 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.