Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.81 and traded as low as $12.17. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.24, with a volume of 566,766 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Down 0.7 %

The business has a fifty day moving average of $12.68 and a 200 day moving average of $12.81.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.079 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.95 annualized dividend and a dividend yield of 7.75%.

Insider Activity

In other Nuveen AMT-Free Municipal Credit Income Fund news, VP David J. Lamb purchased 3,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was bought at an average cost of $12.44 per share, for a total transaction of $37,320.00. Following the completion of the acquisition, the vice president now directly owns 3,000 shares in the company, valued at $37,320. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 2.2% during the second quarter. Private Advisor Group LLC now owns 138,168 shares of the company’s stock worth $1,722,000 after buying an additional 3,031 shares in the last quarter. J.W. Cole Advisors Inc. increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 22.9% in the second quarter. J.W. Cole Advisors Inc. now owns 30,243 shares of the company’s stock valued at $377,000 after acquiring an additional 5,645 shares during the period. Mathes Company Inc. raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 59.7% in the second quarter. Mathes Company Inc. now owns 57,500 shares of the company’s stock worth $716,000 after purchasing an additional 21,500 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Nuveen AMT-Free Municipal Credit Income Fund by 6.7% in the second quarter. Thrivent Financial for Lutherans now owns 180,080 shares of the company’s stock worth $2,244,000 after purchasing an additional 11,330 shares in the last quarter. Finally, Magnolia Capital Advisors LLC acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the second quarter valued at approximately $130,000.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody’s, or Fitch, and that have an average maturity of 17.02 years.