Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.66 and traded as low as $11.34. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.51, with a volume of 840,610 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The firm has a 50 day moving average price of $12.43 and a 200 day moving average price of $12.65.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.079 per share. This represents a $0.95 annualized dividend and a yield of 8.25%. The ex-dividend date is Tuesday, April 15th.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter worth $197,000. MML Investors Services LLC lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 11.3% in the third quarter. MML Investors Services LLC now owns 26,666 shares of the company’s stock valued at $357,000 after acquiring an additional 2,704 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 6.4% during the third quarter. Sanctuary Advisors LLC now owns 48,555 shares of the company’s stock worth $626,000 after purchasing an additional 2,920 shares in the last quarter. Melone Private Wealth LLC raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 1.6% during the 4th quarter. Melone Private Wealth LLC now owns 74,188 shares of the company’s stock valued at $910,000 after purchasing an additional 1,176 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 38.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,365,195 shares of the company’s stock valued at $16,737,000 after purchasing an additional 377,741 shares during the period.

About Nuveen AMT-Free Municipal Credit Income Fund

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.