Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.72 and traded as high as $13.26. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $13.22, with a volume of 407,633 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The company has a fifty day moving average price of $12.72 and a 200-day moving average price of $12.39.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a $0.079 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC raised its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 462.9% in the third quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock worth $37,000 after acquiring an additional 2,467 shares during the last quarter. Hurley Capital LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the second quarter valued at approximately $38,000. Hantz Financial Services Inc. increased its holdings in shares of 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 valued at $39,000 after purchasing an additional 2,974 shares in the last quarter. Noble Wealth Management PBC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter worth approximately $40,000. Finally, Geneos Wealth Management Inc. lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 65.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock worth $45,000 after buying an additional 1,488 shares in the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.