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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.64 and traded as low as $12.58. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6750, with a volume of 530,663 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The firm’s 50 day moving average is $12.97 and its 200 day moving average is $12.64.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.079 per share. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, March 13th.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC increased its position in Nuveen AMT-Free Municipal Credit Income Fund by 462.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock valued at $37,000 after buying an additional 2,467 shares in the last quarter. Hurley Capital LLC bought a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth $38,000. Hantz Financial Services Inc. boosted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% in the fourth quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock worth $39,000 after acquiring an additional 2,974 shares in the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter worth $40,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of 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 valued at $45,000 after acquiring an additional 1,488 shares in 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.