Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.62 and traded as high as $12.82. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.8050, with a volume of 445,744 shares.

Nuveen AMT-Free Municipal Credit Income Fund Stock Down 0.5%

The firm has a 50 day moving average price of $12.62 and a two-hundred day moving average price of $12.71.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be given a $0.079 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 7.4%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Main Street Group LTD acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter valued at approximately $28,000. Parallel Advisors LLC increased 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 purchasing an additional 2,467 shares during the last quarter. Hantz Financial Services Inc. increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% during the fourth quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock valued at $39,000 after purchasing an additional 2,974 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth $40,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock worth $45,000 after buying an additional 1,488 shares during the last quarter.

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.