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

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.65 and traded as low as $11.91. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.9550, with a volume of 1,091,313 shares changing hands.

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

The business has a fifty day moving average price of $12.89 and a 200 day moving average price of $12.65.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.079 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 7.9%.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

A number of hedge funds have recently made changes to their positions in the stock. World Investment Advisors lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 30.2% in the 4th quarter. World Investment Advisors now owns 79,193 shares of the company’s stock valued at $1,003,000 after purchasing an additional 18,347 shares during the last quarter. Vericrest Private Wealth bought a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth $173,000. Worthington Financial Partners LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter worth about $1,231,000. Alpine Global Management LLC raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 2.7% in the fourth quarter. Alpine Global Management LLC now owns 147,831 shares of the company’s stock valued at $1,872,000 after purchasing an additional 3,831 shares during the last quarter. Finally, Invesco Ltd. raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 3.0% in the fourth quarter. Invesco Ltd. now owns 205,318 shares of the company’s stock valued at $2,599,000 after purchasing an additional 5,977 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.