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Nuveen California AMT-Free Quality Municipal Income Fund

NKX · NYSE

Market closed$12.49$-0.090000 (-0.72%)After hours $12.73 · +1.92%

Key statistics

Previous close$12.58
Open$12.58
Day high$12.58
Day low$12.48
52-week high$13.20
52-week low$11.47
Market cap667.51M
Volume97.83K
Average volume130.32K
P/E ratio-29.22
Forward P/E—
EPS-0.43
Dividend yield+7.24%

Market context

Why it moved

NKX edged lower today amid light trading volume and broader market pressure, with no specific catalyst driving the modest decline from its previous close.

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What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026Nuveen California AMT-Free Quality Municipal Income Fund closed modestly lower, slipping to $12.58 after going ex-dividend on July 15 with a $0.072 per share distribution payable August 3. The ex-dividend date likely weighed on the share price, while the broader backdrop of softer June CPI data and a string of strong bank earnings — including record results from Goldman Sachs, Morgan Stanley, BNY, and State Street — supported the financial sector. The XLF sector ETF held near its 52-week high, reflecting resilience in financial services even as the muni bond fund's income-focused investors navigate a rate environment where the Fed's next move remains uncertain.

-0.1587

July 14, 2026Nuveen California AMT-Free Quality Municipal Income Fund closed little changed, with shares edging slightly higher ahead of its July 15 ex-dividend date, when shareholders will receive a $0.072 per share distribution. The broader macro backdrop provided a constructive backdrop for municipal bond funds: June CPI fell sharply to 3.5% year-on-year — its biggest monthly drop since April 2020 — easing fears of near-term Fed rate hikes and lifting rate-sensitive fixed-income assets. Meanwhile, strong Q2 bank earnings from JPMorgan, Goldman Sachs, and Bank of America signaled resilient financial conditions, though geopolitical uncertainty from renewed U.S.-Iran tensions kept investors cautious.

0.1585

June 22, 2026Nuveen California AMT-Free Quality Municipal Income Fund edged modestly higher, as the rate-sensitive municipal bond closed-end fund navigated a complex macro backdrop. Rising Treasury yields — with the 10-year note climbing to 4.49% — following new Fed Chair Kevin Warsh's hawkish communications shift weighed on the muni space broadly, though easing oil prices tied to U.S.-Iran ceasefire progress offered some offset. With the Fed holding rates at 3.50-3.75% and markets pricing in ~75% odds of a hike by September, investors in California muni funds are closely watching the upcoming May PCE inflation print on June 25 as a key signal for the interest rate trajectory.

0.38

Peers

S&P 500SPX · $7,457.69-1.01%American Beacon International Equity FundAAIEX · $19.73-0.75%Abrdn Income Credit Strategies FundACP · $5.16-0.77%Abrdn Global Infrastructure Income FundASGI · $24.48-0.04%Calamos Dynamic Convertible and Income FundCCD · $25.07-0.75%Eaton Vance Risk-Managed Diversified Equity Income FundETJ · $8.34-1.65%Cohen & Steers Limited Duration Preferred and Income Fund, Inc.LDP · $21.01-0.52%Nuveen Taxable Municipal Income FundNBB · $15.40-0.19%Nuveen Dynamic Municipal Opportunities FundNDMO · $10.29-0.39%