Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Price Crosses Above 50 Day Moving Average of $11.31

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.31 and traded as high as $11.68. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.67, with a volume of 2,613,137 shares trading hands.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

The firm’s 50-day simple moving average is $11.33 and its two-hundred day simple moving average is $11.05.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a dividend of $0.073 per share. This represents a $0.88 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Thursday, August 15th.

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

Several institutional investors have recently modified their holdings of the business. TIAA Trust National Association grew its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 19.9% during the second quarter. TIAA Trust National Association now owns 12,711 shares of the company’s stock valued at $146,000 after purchasing an additional 2,112 shares during the period. Commonwealth Equity Services LLC grew its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 28.2% during the second quarter. Commonwealth Equity Services LLC now owns 645,619 shares of the company’s stock valued at $7,399,000 after purchasing an additional 141,928 shares during the period. Rothschild Investment LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund during the second quarter valued at approximately $1,950,000. International Assets Investment Management LLC acquired a new position in Nuveen AMT-Free Quality Municipal Income Fund during the second quarter valued at approximately $48,000. Finally, First Personal Financial Services grew its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 11.1% during the second quarter. First Personal Financial Services now owns 71,378 shares of the company’s stock valued at $818,000 after purchasing an additional 7,135 shares during the period.

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.