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

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.69 and traded as high as $11.86. Nuveen AMT-Free Quality Municipal Income Fund shares last traded at $11.8450, with a volume of 729,517 shares changing hands.

Nuveen AMT-Free Quality Municipal Income Fund Stock Performance

The business’s 50 day moving average price is $11.69 and its 200 day moving average price is $11.47.

Nuveen AMT-Free Quality Municipal Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a dividend of $0.068 per share. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date is Friday, February 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NEA. Alpine Global Management LLC grew its position in shares of Nuveen AMT-Free Quality Municipal Income Fund by 2.7% during the 4th quarter. Alpine Global Management LLC now owns 36,987 shares of the company’s stock valued at $430,000 after acquiring an additional 987 shares during the period. Invesco Ltd. boosted its position in Nuveen AMT-Free Quality Municipal Income Fund by 3.2% during the fourth quarter. Invesco Ltd. now owns 226,235 shares of the company’s stock worth $2,631,000 after purchasing an additional 6,958 shares in the last quarter. Corient Private Wealth LLC boosted its position in Nuveen AMT-Free Quality Municipal Income Fund by 26.6% during the fourth quarter. Corient Private Wealth LLC now owns 172,304 shares of the company’s stock worth $2,004,000 after purchasing an additional 36,171 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $128,000. Finally, Evolve Private Wealth LLC purchased a new stake in shares of Nuveen AMT-Free Quality Municipal Income Fund in the fourth quarter valued at approximately $379,000.

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.