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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $12.58 and traded as high as $12.72. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6750, with a volume of 544,260 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The firm’s 50 day simple moving average is $12.58 and its 200-day simple moving average is $12.70.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a $0.079 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Main Street Group LTD bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the first quarter valued at approximately $28,000. Parallel Advisors LLC grew 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 valued at $37,000 after buying an additional 2,467 shares in the last quarter. Hantz Financial Services Inc. grew its stake 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 buying an additional 2,974 shares in the last quarter. Noble Wealth Management PBC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth $40,000. Finally, Geneos Wealth Management Inc. increased its holdings 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 worth $45,000 after buying an additional 1,488 shares during 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.