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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.69 and traded as low as $12.49. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.5750, with a volume of 451,092 shares.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The firm’s 50-day moving average price is $12.49 and its 200 day moving average price is $12.69.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

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

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

A number of large investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 54.2% during the first quarter. Arkadios Wealth Advisors now owns 162,902 shares of the company’s stock worth $2,009,000 after purchasing an additional 57,253 shares during the period. Gould Capital LLC raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 11.4% during the first quarter. Gould Capital LLC now owns 190,833 shares of the company’s stock worth $2,353,000 after purchasing an additional 19,600 shares during the period. Royal Bank of Canada raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 2.2% during the first quarter. Royal Bank of Canada now owns 448,875 shares of the company’s stock worth $5,534,000 after purchasing an additional 9,606 shares during the period. Cetera Investment Advisers raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 14.2% during the first quarter. Cetera Investment Advisers now owns 219,465 shares of the company’s stock worth $2,706,000 after purchasing an additional 27,316 shares during the period. Finally, World Equity Group Inc. raised its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 32.5% in the 1st quarter. World Equity Group Inc. now owns 23,450 shares of the company’s stock valued at $289,000 after acquiring an additional 5,750 shares during the period.

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.