Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.72 and traded as low as $12.66. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6650, with a volume of 338,273 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The firm has a fifty day moving average of $12.63 and a 200-day moving average of $12.72.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a $0.079 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NVG. Beaumont Financial Advisors LLC bought a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth about $211,000. ORG Partners LLC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter valued at approximately $633,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 12.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,649,211 shares of the company’s stock worth $20,879,000 after purchasing an additional 182,681 shares during the last quarter. Congress Park Capital LLC lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 12.5% in the 4th quarter. Congress Park Capital LLC now owns 568,000 shares of the company’s stock worth $7,191,000 after purchasing an additional 63,000 shares during the last quarter. Finally, Spire Wealth Management boosted its position in Nuveen AMT-Free Municipal Credit Income Fund by 21.2% during the fourth quarter. Spire Wealth Management now owns 20,000 shares of the company’s stock worth $253,000 after purchasing an additional 3,500 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.