Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.94 and traded as high as $10.99. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.94, with a volume of 1,020,228 shares traded.

Nuveen AMT-Free Quality Municipal Income Fund Stock Down 0.0%

The business’s 50 day moving average is $10.94 and its 200-day moving average is $11.29.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.073 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.88 dividend on an annualized basis and a yield of 8.01%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wakefield Asset Management LLLP raised its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 0.6% in the 4th quarter. Wakefield Asset Management LLLP now owns 160,110 shares of the company’s stock valued at $1,806,000 after buying an additional 892 shares during the period. Simon Quick Advisors LLC grew its position in Nuveen AMT-Free Quality Municipal Income Fund by 6.0% in the 4th quarter. Simon Quick Advisors LLC now owns 16,566 shares of the company’s stock valued at $187,000 after acquiring an additional 932 shares in the last quarter. Choreo LLC grew its position in Nuveen AMT-Free Quality Municipal Income Fund by 1.3% in the 1st quarter. Choreo LLC now owns 77,101 shares of the company’s stock valued at $869,000 after acquiring an additional 981 shares in the last quarter. AE Wealth Management LLC grew its position in Nuveen AMT-Free Quality Municipal Income Fund by 6.1% in the 1st quarter. AE Wealth Management LLC now owns 17,304 shares of the company’s stock valued at $194,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Nuveen AMT-Free Quality Municipal Income Fund by 3.4% in the 4th quarter. Bank of Montreal Can now owns 32,955 shares of the company’s stock valued at $372,000 after acquiring an additional 1,085 shares in the last quarter.

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.