Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.35 and traded as high as $11.54. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.53, with a volume of 642,453 shares changing hands.

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

The stock has a 50-day moving average price of $11.35 and a 200-day moving average price of $11.59.

Nuveen AMT-Free Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.073 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend is Friday, February 14th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of NEA. Coastline Trust Co purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund during the 3rd quarter valued at $25,000. Eastern Bank bought a new position in Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at $28,000. JPMorgan Chase & Co. purchased a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the third quarter valued at about $31,000. Fifth Third Bancorp bought a new stake in Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $33,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter worth about $36,000.

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.