Western Asset Management Co adds Nuveen Amt-Free Municipal Income Fund (NEA) to its portfolio

Nuveen Amt-Free Municipal Income Fund (NEA) : Western Asset Management Co added new position in Nuveen Amt-Free Municipal Income Fund during the most recent quarter end. The investment management firm now holds 10 shares of Nuveen Amt-Free Municipal Income Fund which is valued at $131 , the company said in a statement filed on Nov 14, 2016 with the SEC.

Other Hedge Funds, Including , First Allied Advisory Services added NEA to its portfolio by purchasing 25,764 company shares during the most recent quarter which is valued at $337,508. Nuveen Amt-Free Municipal Income Fund makes up approx 0.02% of First Allied Advisory Services’s portfolio. First Interstate Bank sold out all of its stake in NEA during the most recent quarter. The investment firm sold 574 shares of NEA which is valued $7,611. Keybank National Associationoh added NEA to its portfolio by purchasing 16,108 company shares during the most recent quarter which is valued at $218,908.Oxbow Advisors reduced its stake in NEA by selling 92,451 shares or 6.57% in the most recent quarter. The Hedge Fund company now holds 1,314,616 shares of NEA which is valued at $18,075,970. Nuveen Amt-Free Municipal Income Fund makes up approx 2.61% of Oxbow Advisors’s portfolio.

Nuveen Amt-Free Municipal Income Fund closed down -0.04 points or -0.30% at $13.08 with 10,74,482 shares getting traded on Monday. Post opening the session at $13.1, the shares hit an intraday low of $12.99 and an intraday high of $13.13 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Nuveen AMT-Free Municipal Income Fund is a diversified closed-end investment company. The Fund’s investment objective is to provide current income exempt from regular federal income tax and in the case of AMT-Free Income (NEA) the alternative minimum tax applicable to individuals by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain United States territories. The Fund invests in corporate bonds and municipal securities. The Company’s portfolio of investments include tax obligation/limited transportation tax obligation/general health care water and sewer united states guaranteed utilities and education and civic organizations. The Funds’ investment adviser is Nuveen Fund Advisors LLC a wholly-owned subsidiary of Nuveen Investments Inc. (Nuveen).

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