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

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.70 and traded as low as $12.55. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6450, with a volume of 425,976 shares.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 1.1%

The firm has a 50-day simple moving average of $12.54 and a 200 day simple moving average of $12.70.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in NVG. Main Street Group LTD purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund during the first quarter valued at $28,000. Parallel Advisors LLC lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 462.9% during 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 during the period. Hantz Financial Services Inc. lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% during 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 during the period. Noble Wealth Management PBC purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter valued at $40,000. Finally, Geneos Wealth Management Inc. lifted its position 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 valued at $45,000 after buying 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.