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

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.83 and traded as low as $12.70. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.76, with a volume of 240,411 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The firm’s 50 day moving average price is $12.52 and its 200 day moving average price is $12.83.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be given a dividend of $0.079 per share. This represents a $0.95 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Friday, February 14th.

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

A number of large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter worth about $28,000. Noble Wealth Management PBC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter valued at approximately $44,000. Farther Finance Advisors LLC boosted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 510.4% during the third quarter. Farther Finance Advisors LLC now owns 3,650 shares of the company’s stock valued at $49,000 after purchasing an additional 3,052 shares in the last quarter. Finally, Community Bank N.A. grew its stake in Nuveen AMT-Free Municipal Credit Income Fund by 100.0% in the third quarter. Community Bank N.A. now owns 4,000 shares of the company’s stock worth $54,000 after purchasing an additional 2,000 shares during the period.

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.