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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.71 and traded as low as $12.31. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.3160, with a volume of 471,779 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 0.1%

The business’s 50 day moving average is $12.61 and its two-hundred day moving average is $12.71.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid 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 7.7%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

A number of institutional investors have recently made changes to their positions in the stock. Main Street Group LTD bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the first quarter valued at approximately $28,000. Parallel Advisors LLC increased its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 462.9% during 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 during the period. Hantz Financial Services Inc. raised its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% during the fourth quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock worth $39,000 after purchasing an additional 2,974 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 65.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock worth $45,000 after purchasing an additional 1,488 shares in the last quarter. Finally, BOKF NA bought a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth approximately $88,000.

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.