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

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $11.27 and traded as high as $11.32. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.3090, with a volume of 644,229 shares.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The company has a 50 day simple moving average of $11.27 and a 200-day simple moving average of $12.32.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be given a dividend of $0.0790 per share. This represents a $0.95 annualized dividend and a yield of 8.4%. The ex-dividend date is Thursday, October 15th.

Insider Activity at Nuveen AMT-Free Municipal Credit Income Fund

In other Nuveen AMT-Free Municipal Credit Income Fund news, Portfolio Manager Paul Brennan sold 5,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.45, for a total value of $62,250.00. Following the transaction, the portfolio manager owned 13,050 shares in the company, valued at approximately $162,472.50. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

A number of large investors have recently modified their holdings of NVG. Bank of America Corp DE purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth about $18,120,000. LaSalle St. Investment Advisors LLC purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter valued at $4,705,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 15.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,210,546 shares of the company’s stock valued at $28,295,000 after buying an additional 292,523 shares during the last quarter. Palogic Value Management L.P. purchased a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the second quarter valued at $3,725,000. Finally, Kestra Advisory Services LLC increased its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 114.6% in the 1st quarter. Kestra Advisory Services LLC now owns 296,752 shares of the company’s stock worth $3,659,000 after buying an additional 158,471 shares in the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NVG. The fund is managed by Nuveen, an investment management firm and subsidiary of TIAA, and is designed to provide investors with current income that is exempt from regular federal income tax.

The fund invests primarily in municipal securities issued by states, cities, counties, special districts and other governmental entities throughout the United States.