Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $12.52 and traded as high as $12.73. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6850, with a volume of 511,854 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 0.1%

The company has a 50 day moving average of $12.52 and a two-hundred day moving average of $12.10.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.079 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NVG. Parallel Advisors LLC lifted its position in shares of 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 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 during the second quarter worth $38,000. Ameriflex Group Inc. purchased a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the second quarter valued at $41,000. Geneos Wealth Management Inc. boosted its position in shares of 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 valued at $45,000 after purchasing an additional 1,488 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 2nd quarter valued at $53,000.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.