Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-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 stock’s fifty day moving average is $12.61 and its two-hundred day moving average is $12.71.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be given a $0.079 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.7%.

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

Institutional investors have recently made changes to their positions in the stock. Main Street Group LTD acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the first quarter valued at $28,000. Parallel Advisors LLC lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 462.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock valued at $37,000 after purchasing an additional 2,467 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% during the 4th quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock valued at $39,000 after purchasing an additional 2,974 shares during the period. Geneos Wealth Management Inc. grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 65.1% in the 2nd 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 during the last quarter. Finally, BOKF NA bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter worth about $88,000.

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.