Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Shares Cross Below 200-Day Moving Average of $11.20

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.20 and traded as low as $10.07. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $10.17, with a volume of 1,918,096 shares.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The stock has a 50 day moving average of $10.52 and a two-hundred day moving average of $11.20.

Nuveen AMT-Free Municipal Credit Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.051 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.61 dividend on an annualized basis and a yield of 6.02%. This is a boost from Nuveen AMT-Free Municipal Credit Income Fund’s previous monthly dividend of $0.04.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

A number of institutional investors have recently bought and sold shares of the stock. OTA Financial Group L.P. acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter worth about $289,000. Avantax Advisory Services Inc. boosted its position in Nuveen AMT-Free Municipal Credit Income Fund by 20.7% during the 1st quarter. Avantax Advisory Services Inc. now owns 24,438 shares of the company’s stock worth $288,000 after acquiring an additional 4,196 shares during the period. Cornerstone Advisory LLC boosted its position in Nuveen AMT-Free Municipal Credit Income Fund by 2.0% during the 1st quarter. Cornerstone Advisory LLC now owns 482,666 shares of the company’s stock worth $5,686,000 after acquiring an additional 9,493 shares during the period. Wakefield Asset Management LLLP boosted its position in Nuveen AMT-Free Municipal Credit Income Fund by 8.6% during the 1st quarter. Wakefield Asset Management LLLP now owns 151,345 shares of the company’s stock worth $1,783,000 after acquiring an additional 12,031 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter worth about $1,067,000.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody's, or Fitch, and that have an average maturity of 17.02 years.