Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.68 and traded as low as $12.40. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.4070, with a volume of 461,490 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 0.7%

The stock’s fifty day moving average is $12.60 and its two-hundred day moving average is $12.68.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, August 14th.

Insider Buying and Selling at Nuveen AMT-Free Municipal Credit Income Fund

In other news, Portfolio Manager Paul L. Brennan sold 5,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.45, for a total transaction of $62,250.00. Following the completion of the sale, the portfolio manager directly owned 13,050 shares of the company’s stock, valued at $162,472.50. This trade represents a 27.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds have recently modified their holdings of the stock. Main Street Group LTD acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 1st quarter valued at $28,000. Parallel Advisors LLC lifted its stake 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 in the last quarter. Hantz Financial Services Inc. boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% in the fourth quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock worth $39,000 after buying an additional 2,974 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of 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 acquiring an additional 1,488 shares during the period. Finally, BOKF NA purchased a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter valued at approximately $88,000.

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.