Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The stock has a 50-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. Shareholders of record on Wednesday, January 15th will be issued a $0.079 dividend. 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 related news, VP David J. Lamb acquired 3,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were purchased at an average price of $12.44 per share, for a total transaction of $37,320.00. Following the transaction, the vice president now owns 3,000 shares in the company, valued at $37,320. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC lifted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2.2% in the 2nd quarter. Private Advisor Group LLC now owns 138,168 shares of the company’s stock worth $1,722,000 after acquiring an additional 3,031 shares during the last quarter. CoreCap Advisors LLC bought a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth $1,605,000. J.W. Cole Advisors Inc. boosted its position in Nuveen AMT-Free Municipal Credit Income Fund by 22.9% during the second quarter. J.W. Cole Advisors Inc. now owns 30,243 shares of the company’s stock valued at $377,000 after buying an additional 5,645 shares during the period. Mathes Company Inc. grew its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 59.7% during the second quarter. Mathes Company Inc. now owns 57,500 shares of the company’s stock valued at $716,000 after buying an additional 21,500 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of 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 buying an additional 11,330 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.