Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Pass Above 50-Day Moving Average of $11.64

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.64 and traded as high as $11.93. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.91, with a volume of 669,460 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

The business has a 50-day moving average of $11.67 and a 200 day moving average of $11.26.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a dividend of $0.073 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.88 dividend on an annualized basis and a yield of 7.33%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Luken Investment Analytics LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the second quarter valued at $27,000. Hobbs Group Advisors LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the 2nd quarter worth about $29,000. Ashton Thomas Private Wealth LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the 2nd quarter worth about $46,000. International Assets Investment Management LLC purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the 2nd quarter valued at about $48,000. Finally, American National Bank acquired a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter valued at about $51,000.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

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.