Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) Declares Monthly Dividend of $0.07

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) announced a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.068 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

Shares of NYSE:NEA traded up $0.02 during midday trading on Tuesday, reaching $11.74. The company had a trading volume of 323,946 shares, compared to its average volume of 812,647. The company’s 50 day moving average price is $11.61 and its 200 day moving average price is $11.35. Nuveen AMT-Free Quality Municipal Income Fund has a 52-week low of $10.00 and a 52-week high of $11.83.

Institutional Investors Weigh In On Nuveen AMT-Free Quality Municipal Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of NEA. Gridiron Partners LLC increased its holdings in shares of Nuveen AMT-Free Quality Municipal Income Fund by 638.4% in the third quarter. Gridiron Partners LLC now owns 1,254,447 shares of the company’s stock worth $14,288,000 after purchasing an additional 1,084,569 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Nuveen AMT-Free Quality Municipal Income Fund by 145.7% in the second quarter. Rockefeller Capital Management L.P. now owns 1,045,392 shares of the company’s stock worth $11,416,000 after purchasing an additional 619,953 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 19.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,773,541 shares of the company’s stock valued at $20,626,000 after acquiring an additional 289,543 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Nuveen AMT-Free Quality Municipal Income Fund by 11.3% during the third quarter. Raymond James Financial Inc. now owns 2,210,688 shares of the company’s stock valued at $25,180,000 after purchasing an additional 224,720 shares during the period. Finally, Melone Private Wealth LLC grew its holdings in Nuveen AMT-Free Quality Municipal Income Fund by 51.3% in the 4th quarter. Melone Private Wealth LLC now owns 651,892 shares of the company’s stock worth $7,582,000 after acquiring an additional 220,961 shares during the last quarter.

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.