Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Announces $0.04 Monthly Dividend

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) declared a monthly dividend on Friday, September 1st, Zacks reports. Investors of record on Friday, September 15th will be given a dividend of 0.035 per share on Monday, October 2nd. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, September 14th.

Nuveen AMT-Free Quality Municipal Income Fund Trading Down 0.1 %

NYSE:NEA traded down $0.01 on Tuesday, hitting $10.21. The stock had a trading volume of 472,708 shares, compared to its average volume of 743,085. Nuveen AMT-Free Quality Municipal Income Fund has a 1 year low of $10.19 and a 1 year high of $11.79. The firm’s fifty day simple moving average is $10.65 and its two-hundred day simple moving average is $10.82.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Hedge funds have recently bought and sold shares of the business. PCA Investment Advisory Services Inc. bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 2nd quarter valued at $39,000. Wells Fargo & Company MN lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 8.9% in the second quarter. Wells Fargo & Company MN now owns 1,062,027 shares of the company’s stock worth $11,608,000 after buying an additional 87,196 shares in the last quarter. Cornerstone Planning Group LLC bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the second quarter valued at approximately $41,000. Goldman Sachs Group Inc. purchased a new position in Nuveen AMT-Free Quality Municipal Income Fund during the second quarter valued at approximately $357,000. Finally, Royal Bank of Canada increased its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 23.5% during the 2nd quarter. Royal Bank of Canada now owns 815,506 shares of the company’s stock worth $8,913,000 after acquiring an additional 155,240 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.