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

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.62 and traded as low as $11.06. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.10, with a volume of 1,071,226 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.8 %

The firm’s 50-day moving average is $11.59 and its 200 day moving average is $11.61.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.073 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.83%.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NEA. Coastline Trust Co bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at about $25,000. Luken Investment Analytics LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter valued at approximately $27,000. Eastern Bank bought a new position in Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter worth approximately $28,000. FSA Wealth Management LLC acquired a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter worth approximately $36,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at $46,000.

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.