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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.64 and traded as low as $12.20. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.2750, with a volume of 427,827 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Stock Down 0.8%

The firm’s 50 day moving average is $12.52 and its 200-day moving average is $12.64.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.079 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Insider Activity

In other news, Portfolio Manager Paul L. Brennan sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $12.45, for a total transaction of $62,250.00. Following the sale, the portfolio manager directly owned 13,050 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Institutional investors have recently bought and sold shares of the business. Fortitude Advisory Group L.L.C. lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 4.4% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 19,083 shares of the company’s stock valued at $242,000 after buying an additional 796 shares in the last quarter. Focus Partners Wealth raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 1.3% during the third quarter. Focus Partners Wealth now owns 71,519 shares of the company’s stock worth $879,000 after acquiring an additional 895 shares during the period. Aurora Private Wealth Inc. lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 5.5% during the second quarter. Aurora Private Wealth Inc. now owns 22,581 shares of the company’s stock valued at $289,000 after purchasing an additional 1,168 shares in the last quarter. XML Financial LLC lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 6.9% during the fourth quarter. XML Financial LLC now owns 18,169 shares of the company’s stock valued at $230,000 after purchasing an additional 1,169 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% in the second quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock valued at $45,000 after purchasing an additional 1,488 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.