Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.53 and traded as low as $12.47. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.55, with a volume of 501,384 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Trading Down 0.3 %

The company’s 50 day moving average is $13.16 and its 200-day moving average is $12.53.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.079 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bessemer Group Inc. acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund in the first quarter worth about $36,000. Larson Financial Group LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth about $39,000. Fortitude Family Office LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund in the third quarter valued at approximately $44,000. Farther Finance Advisors LLC boosted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 510.4% in the third quarter. Farther Finance Advisors LLC now owns 3,650 shares of the company’s stock valued at $49,000 after acquiring an additional 3,052 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund in the second quarter valued at approximately $59,000.

About Nuveen AMT-Free Municipal Credit Income Fund

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.