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

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.70 and traded as low as $12.56. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.5650, with a volume of 446,914 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Trading Down 0.0%

The company’s fifty day moving average is $12.58 and its two-hundred day moving average is $12.70.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.079 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds have recently modified their holdings of the stock. Community Bank N.A. raised its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 20.0% in the 3rd quarter. Community Bank N.A. now owns 6,000 shares of the company’s stock valued at $74,000 after purchasing an additional 1,000 shares in the last quarter. Texas Capital Bancshares Inc TX bought a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the third quarter worth $111,000. McGowan Group Asset Management Inc. increased its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 9.2% in the third quarter. McGowan Group Asset Management Inc. now owns 444,999 shares of the company’s stock worth $5,469,000 after buying an additional 37,635 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 15.9% in the third quarter. Pinnacle Associates Ltd. now owns 114,578 shares of the company’s stock valued at $1,408,000 after acquiring an additional 15,693 shares in the last quarter. Finally, Perennial Investment Advisors LLC acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the third quarter valued at $291,000.

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.