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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.72 and traded as low as $12.66. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6650, with a volume of 338,273 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The stock’s 50 day simple moving average is $12.63 and its 200-day simple moving average is $12.72.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.079 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Wednesday, July 15th.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

A number of hedge funds have recently modified their holdings of NVG. Main Street Group LTD purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund during the first quarter valued at approximately $28,000. Parallel Advisors LLC boosted its position in 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 worth $37,000 after purchasing 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% in 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 in the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth approximately $40,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock worth $45,000 after purchasing an additional 1,488 shares during the period.

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.