Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.70 and traded as low as $12.56. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.5650, with a volume of 446,914 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The business has a 50 day simple moving average of $12.58 and a 200 day simple moving average of $12.70.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.079 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Monday, June 15th.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds have recently modified their holdings of the stock. Main Street Group LTD acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the first quarter valued at $28,000. Parallel Advisors LLC raised its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 462.9% in the third quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock valued at $37,000 after acquiring an additional 2,467 shares in the last quarter. Hantz Financial Services Inc. raised its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% in the fourth quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock valued at $39,000 after acquiring an additional 2,974 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter valued at $40,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% in the second quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock valued at $45,000 after acquiring an additional 1,488 shares in the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.