Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Shares of Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $11.42 and traded as low as $11.30. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.32, with a volume of 889,198 shares.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

The stock has a fifty day moving average of $11.42 and a two-hundred day moving average of $11.56.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.073 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.88 annualized dividend and a yield of 7.85%.

Institutional Trading of Nuveen AMT-Free Quality Municipal Income Fund

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the third quarter valued at $31,000. Fifth Third Bancorp bought a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 4th quarter worth about $33,000. FSA Wealth Management LLC acquired a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the 3rd quarter valued at about $36,000. Park Square Financial Group LLC bought a new position in shares of Nuveen AMT-Free Quality Municipal Income Fund during the fourth quarter worth about $52,000. Finally, WASHINGTON TRUST Co grew its stake in Nuveen AMT-Free Quality Municipal Income Fund by 120.9% in the fourth quarter. WASHINGTON TRUST Co now owns 5,523 shares of the company’s stock worth $62,000 after purchasing an additional 3,023 shares in the last quarter.

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.