Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Crosses Below 200-Day Moving Average – What’s Next?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.65 and traded as low as $11.91. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.9550, with a volume of 1,091,313 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The firm has a 50 day moving average of $12.89 and a 200-day moving average of $12.65.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, March 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NVG. Parallel Advisors LLC raised its position in shares of 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 buying an additional 2,467 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth approximately $38,000. Hantz Financial Services Inc. increased its stake 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 valued at $39,000 after acquiring an additional 2,974 shares during the last quarter. Noble Wealth Management PBC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter valued at approximately $40,000. Finally, Geneos Wealth Management Inc. raised its position in 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 purchasing 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.