Nuveen AMT-Free Quality Municipal Income Fund (NEA)
| Market Value | 3.47B |
| Revenue (ttm) | 270.61M |
| Net Income (ttm) | 47.71M |
| Shares Out | 298.99M |
| EPS (ttm) | 0.16 |
| PE Ratio | 72.83 |
| Forward PE | n/a |
| Dividend | $0.88 (7.54%) |
| Ex-Dividend Date | Nov 15, 2024 |
| Volume | 727,834 |
| Open | 11.64 |
| Previous Close | 11.60 |
| Day's Range | 11.61 - 11.67 |
| 52-Week Range | 10.44 - 12.06 |
| Beta | 0.54 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About NEA
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. It seeks to invest in securities that are rated Baa/BBB or better by S&P, Moody’s, or Fitch. The fund's investment portfolio comprises inve... [Read more]
News
NEA: Income Boosts Keep Boosting The Market Price
The fund saw another income boost to start the month of June. The muni yield curve is upward sloping, providing a distinct advantage over similarly dated treasury bonds. NEA still has a large discount...
Forget NVIDIA: These ‘Boring' 7.7% Dividends Just Jumped 30%
Some of our favorite high-yield dividends just did something stunning: They sent their investors' payouts soaring—in some cases by more than 30% overnight.
Nuveen Closed-End Funds Declare Distributions
NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare fo...
NEA: Smart Buy For Continued Bounce-Back Muni Market In 2024
The muni bond market is expected to continue its bounce-back in 2024 after a sharp decline in 2022 followed by a small bounce in 2023. NEA is the largest CEF NEA managed by the top Muni CEF leader and...
Tax Day Blues? These 9%+ Dividends Can Slash Your Bill
It's Tax Day—the perfect time to talk about one of our favorite income plays: municipal bonds.
Why ETF Yields Could Crash, And These 8%+ Payers Will Soar
This market bounce is strangling the payouts on everybody's favorite ETFs. But it's also given us a sweet setup to grab another group of funds kicking out big dividends, to the tune of 9%+ yields.
NEA: Looking At The Positives, And A Future Concern
The Nuveen AMT-Free Quality Municipal Income Fund has experienced a Q4 rally and a boost in income, leading to gains for investors. However, the fund's income boost may not be sustainable, so investor...
3 Tax-Free Dividends To Buy In 2024
Today we're going to use a simple strategy to (legally!) beat the tax man.
Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trust...
5 Closed-End Fund Buys In The Month Of October 2023 (And 1 ETF)
October was a challenging month for the equity and fixed-income markets, with surging risk-free rates in the Treasury market putting pressure across the board. I've added to positions with utility, RE...
Nuveen Municipal Closed-End Funds Announce Distribution Updates
NEW YORK--(BUSINESS WIRE)--Today, the Board of Trustees of certain Nuveen municipal closed-end funds declared regular monthly distribution rates and updated certain distribution policies. Additionally...
Board Announces Removal of Merger Proposals from Annual Meeting Agenda
NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) and Nuveen Quality Municipal Income Fund (NYSE:NAD) as well as Nuveen Massachusetts Qual...
NEA Offering Deepest Discount Among Nuveen Municipal CEFs
Municipal Bond CEFs have historically wide gaps between price and NAV due to investor dislike of rate increases. Once the FOMC stops, these funds should recover. The NEA CEF is reviewed in detail as t...
Municipal Bond CEF Update Aug 2023: Valuations Are Incredible
Municipal bonds experienced a drop in 2022 due to rising interest rates, presenting a buying opportunity. Muni closed-end funds have higher portfolio yields, but net investment income has been affecte...
NEA: The Leverage Hurdle Was Too High To Climb
The article evaluates the Nuveen AMT-Free Quality Municipal Income Fund as an investment option at its current market price. NEA is a multi-state, closed-end fund aiming to provide current income exem...
NEA: Fool Me Twice? I Doubt It
NEA is down since my last "buy" call. This was a missed thesis, as fixed-income declined for most of the calendar year. Fortunately, the fund has rebounded a bit as 2023 has gotten underway. I am fair...
These Overlooked Muni-Bond Funds Are On Sale at Deep Discounts
End-of-year tax-loss selling widens discounts from net asset values, trims prices, and boosts yields.
NEA Vs. NUW: Clear Winner Between These Nuveen AMT-Free CEFs
The Nuveen AMT-Free Quality Municipal Income Fund is the older and larger of these two Nuveen funds. The Nuveen AMT-Free Municipal Value Fund has lower leverage and shorter duration than its sister fu...
NEA: Can This Fund Keep Moving Higher? Reasons Why I Think So
The majority of the fund's holdings are in investment-grade credit, which I view favorably given the challenging economic climate. NEA is well diversified across U.S. states and also offers buyers a c...
Muni Bond CEFs: PIMCO Or Nuveen? The Choice Is Obvious In This Market Environment
I don't quite understand who would be buying the PIMCO National municipal bond CEFs over the Nuveen national muni bond CEFs right now. These two fund sponsors of municipal bond closed-end funds are pr...
Will Bankruptcy Era Prices Finally Stop The Bleeding In Municipal Bond CEFs?
There have been several periods over the last 10 years in which municipal bond CEFs have dropped -20% or more at market price, not including distributions. Before this year's rout, the most recent was...
NEA: An Opportunity To Buy What Everyone Is Selling
Munis, as with most fixed-income products, have been selling-off fiercely in 2022. This represents an opportunity.
NEA: A Neutral Rating Still Makes Sense Here
After a broad sell-off in munis, there has been a bit of a rebound. While this positive momentum is welcomed, I see limited upside in the next few months. NEA still trades at a valuation above its lon...