Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.71 and traded as low as $12.31. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.3160, with a volume of 471,779 shares.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

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

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a $0.079 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds have recently modified their holdings of the stock. Artesa Financial Group LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth $14,383,000. Guggenheim Capital LLC raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 41.1% in the 4th quarter. Guggenheim Capital LLC now owns 2,562,261 shares of the company’s stock valued at $32,438,000 after purchasing an additional 746,944 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 15.3% in the 2nd 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 period. Karpus Management Inc. grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 497.0% during the second quarter. Karpus Management Inc. now owns 235,800 shares of the company’s stock worth $2,813,000 after buying an additional 196,300 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 114.6% during the first 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 (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.