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

Shares of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.43 and traded as low as $11.11. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.2440, with a volume of 1,111,164 shares trading hands.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.0%

The stock has a fifty day moving average of $11.41 and a two-hundred day 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 Monday, June 1st. Investors of record on Friday, May 15th will be issued a dividend of $0.068 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, May 15th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter valued at $26,000. Noble Wealth Management PBC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 4th quarter worth $31,000. Entrust Financial LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 4th quarter worth $32,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 1st quarter valued at about $41,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at about $42,000.

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.