Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.62 and traded as high as $12.82. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.8050, with a volume of 445,744 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Up 0.2%

The business’s 50-day moving average is $12.62 and its two-hundred day moving average is $12.71.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a dividend of $0.079 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.4%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NVG. Royal Bank of Canada raised its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2.1% during the first quarter. Royal Bank of Canada now owns 422,575 shares of the company’s stock worth $5,231,000 after purchasing an additional 8,780 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 1st quarter valued at $594,000. Focus Partners Wealth grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 202.1% in the 1st quarter. Focus Partners Wealth now owns 71,286 shares of the company’s stock valued at $883,000 after buying an additional 47,690 shares during the last quarter. Invesco Ltd. increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 6.3% in the 2nd quarter. Invesco Ltd. now owns 182,142 shares of the company’s stock valued at $2,173,000 after buying an additional 10,758 shares during the period. Finally, Karpus Management Inc. increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 497.0% in the 2nd quarter. Karpus Management Inc. now owns 235,800 shares of the company’s stock valued at $2,813,000 after buying an additional 196,300 shares during the period.

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.