Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Passes Above 50 Day Moving Average of $11.87

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVGGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $11.87 and traded as high as $12.06. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.06, with a volume of 452,505 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The business’s fifty day moving average is $11.87 and its two-hundred day moving average is $11.30.

Nuveen AMT-Free Municipal Credit Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be given a $0.058 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Thursday, March 14th. This is an increase from Nuveen AMT-Free Municipal Credit Income Fund’s previous monthly dividend of $0.05.

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

A number of large investors have recently added to or reduced their stakes in NVG. Bank of New York Mellon Corp grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 40.6% in the 1st quarter. Bank of New York Mellon Corp now owns 17,951 shares of the company’s stock worth $266,000 after purchasing an additional 5,181 shares during the period. Cetera Investment Advisers grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 11.7% during the 1st quarter. Cetera Investment Advisers now owns 18,506 shares of the company’s stock valued at $274,000 after acquiring an additional 1,932 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 40.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 17,271 shares of the company’s stock valued at $255,000 after acquiring an additional 4,933 shares during the period. Baird Financial Group Inc. grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 1.2% during the 1st quarter. Baird Financial Group Inc. now owns 117,009 shares of the company’s stock valued at $1,731,000 after acquiring an additional 1,391 shares during the period. Finally, Northern Trust Corp grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 5.3% during the 1st quarter. Northern Trust Corp now owns 50,974 shares of the company’s stock valued at $753,000 after acquiring an additional 2,567 shares during the period.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

(Get Free Report)

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.

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