Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Shares Pass Below Fifty Day Moving Average – Here’s Why

by · The Cerbat Gem

Shares of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA – Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.78 and traded as low as $11.55. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.59, with a volume of 1,267,264 shares.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.2 %

The firm’s 50-day simple moving average is $11.78 and its two-hundred day simple moving average is $11.38.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a $0.073 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 2,848.7% in the third quarter. JFS Wealth Advisors LLC now owns 122,341 shares of the company’s stock valued at $1,464,000 after buying an additional 118,192 shares in the last quarter. Tyche Wealth Partners LLC grew its stake in Nuveen AMT-Free Quality Municipal Income Fund by 1.1% in the 3rd quarter. Tyche Wealth Partners LLC now owns 162,630 shares of the company’s stock valued at $1,947,000 after acquiring an additional 1,737 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 142.6% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 35,387 shares of the company’s stock valued at $424,000 after acquiring an additional 20,799 shares in the last quarter. Kercheville Advisors LLC raised its position in Nuveen AMT-Free Quality Municipal Income Fund by 1,043.0% during the third quarter. Kercheville Advisors LLC now owns 117,533 shares of the company’s stock worth $1,407,000 after acquiring an additional 107,250 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 33.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 81,207 shares of the company’s stock valued at $972,000 after purchasing an additional 20,169 shares in the last quarter.

About Nuveen AMT-Free Quality Municipal Income Fund

(Get Free Report)

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.

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