Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.51 and traded as high as $11.75. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.7250, with a volume of 916,651 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.0%

The business has a fifty day simple moving average of $11.51 and a two-hundred day simple moving average of $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a dividend of $0.068 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Hedge Funds Weigh In On Nuveen AMT-Free Quality Municipal Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Basepoint Wealth LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $26,000. Noble Wealth Management PBC bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $31,000. Entrust Financial LLC purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter worth about $32,000. Pinnacle Bancorp Inc. purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the first quarter worth about $41,000. Finally, International Assets Investment Management LLC bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter valued at approximately $44,000.

About Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) is a closed-end management investment company that seeks to provide high current income exempt from federal alternative minimum tax. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds, focusing on securities that enjoy strong credit quality and are issued by states, municipalities and public authorities across the United States.

In constructing its portfolio, NEA emphasizes bonds that are rated investment grade by one or more major rating agencies, with an aim to balance income generation and risk management.