Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.69 and traded as low as $12.49. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.5750, with a volume of 451,092 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 0.8%

The company’s 50-day moving average price is $12.49 and its 200 day moving average price is $12.69.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.079 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fortitude Advisory Group L.L.C. raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 4.4% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 19,083 shares of the company’s stock valued at $242,000 after buying an additional 796 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 1.3% in the third quarter. Focus Partners Wealth now owns 71,519 shares of the company’s stock valued at $879,000 after buying an additional 895 shares during the last quarter. Savvy Advisors Inc. raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 6.0% in the fourth quarter. Savvy Advisors Inc. now owns 17,613 shares of the company’s stock valued at $223,000 after buying an additional 993 shares during the last quarter. Community Bank N.A. raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 20.0% in the third quarter. Community Bank N.A. now owns 6,000 shares of the company’s stock valued at $74,000 after buying an additional 1,000 shares during the last quarter. Finally, XML Financial LLC raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 6.9% in the fourth quarter. XML Financial LLC now owns 18,169 shares of the company’s stock valued at $230,000 after buying an additional 1,169 shares during the last quarter.

About Nuveen AMT-Free Municipal Credit Income Fund

Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG) is a diversified, closed-end management investment company that primarily seeks to provide shareholders with a high level of current income exempt from federal income tax, including the alternative minimum tax. The fund pursues its objective by investing principally in investment-grade and below-investment-grade municipal obligations, with an emphasis on credits that are free from federal income tax. It may also invest up to a limited portion of its assets in municipal lease obligations, variable-rate demand notes, and other municipal derivatives.

As a part of the Nuveen family of investment products, NVG is managed by experienced municipal fixed-income professionals who conduct rigorous credit analysis and portfolio construction.