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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.82 and traded as low as $12.63. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.66, with a volume of 618,456 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Trading Down 0.2 %

The business’s fifty day simple moving average is $12.57 and its 200 day simple moving average is $12.82.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.079 per share. This represents a $0.95 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend is Friday, March 14th.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 70.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,524,382 shares of the company’s stock worth $18,689,000 after acquiring an additional 631,015 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 38.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,365,195 shares of the company’s stock valued at $16,737,000 after purchasing an additional 377,741 shares during the period. Bank of America Corp DE lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 3.4% during the 4th quarter. Bank of America Corp DE now owns 1,316,158 shares of the company’s stock valued at $16,136,000 after purchasing an additional 43,044 shares during the period. Guggenheim Capital LLC lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 10.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,282,718 shares of the company’s stock valued at $15,726,000 after purchasing an additional 122,940 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter valued at about $11,752,000.

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.