Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.62 and traded as high as $12.82. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.8050, with a volume of 445,744 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The stock has a fifty day moving average price of $12.62 and a two-hundred day moving average price of $12.71.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.079 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.4%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Main Street Group LTD acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the first quarter worth $28,000. Parallel Advisors LLC lifted its holdings 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 in the last quarter. Hantz Financial Services Inc. boosted its position 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 worth $39,000 after purchasing an additional 2,974 shares during the period. Noble Wealth Management PBC purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth $40,000. Finally, Geneos Wealth Management Inc. increased its holdings 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 valued at $45,000 after purchasing 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.