Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Cross Below 50 Day Moving Average of $10.98

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.98 and traded as low as $10.72. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $10.76, with a volume of 688,567 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

The company has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $10.59.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.051 dividend. This represents a $0.61 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Friday, April 12th.

Insider Activity

In other news, VP David J. Lamb bought 6,000 shares of Nuveen AMT-Free Quality Municipal Income Fund stock in a transaction dated Wednesday, March 27th. The stock was acquired at an average cost of $11.04 per share, with a total value of $66,240.00. Following the acquisition, the vice president now owns 6,000 shares of the company’s stock, valued at $66,240. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Capital Management Inc. lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 36.8% in the 1st quarter. Integrated Capital Management Inc. now owns 27,184 shares of the company’s stock valued at $301,000 after purchasing an additional 7,316 shares during the last quarter. Park Avenue Securities LLC raised its stake in Nuveen AMT-Free Quality Municipal Income Fund by 3.4% during the 1st quarter. Park Avenue Securities LLC now owns 220,863 shares of the company’s stock valued at $2,445,000 after acquiring an additional 7,287 shares during the last quarter. American National Bank purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 1st quarter valued at approximately $51,000. Nomura Holdings Inc. purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the 4th quarter valued at approximately $212,000. Finally, PNC Financial Services Group Inc. raised its stake in Nuveen AMT-Free Quality Municipal Income Fund by 31.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 542,337 shares of the company’s stock valued at $5,966,000 after acquiring an additional 128,645 shares during 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.