Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.26 and traded as high as $12.56. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.53, with a volume of 547,943 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Trading Down 0.2%

The business’s fifty day moving average price is $12.26 and its 200 day moving average price is $11.97.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Wednesday, October 15th were issued a dividend of $0.079 per share. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Wednesday, October 15th.

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

Several institutional investors have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 13.3% during the 3rd quarter. Truist Financial Corp now owns 72,768 shares of the company’s stock valued at $894,000 after purchasing an additional 8,553 shares during the last quarter. Edge Financial Advisors LLC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 3rd quarter valued at about $161,000. Avidian Wealth Enterprises LLC lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 20.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 12,000 shares of the company’s stock valued at $147,000 after purchasing an additional 2,000 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 12.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 99,924 shares of the company’s stock valued at $1,228,000 after purchasing an additional 11,382 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 5.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 84,025 shares of the company’s stock valued at $1,034,000 after purchasing an additional 4,598 shares during the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.