Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Shares Cross Above 50-Day Moving Average – Time to Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $11.27 and traded as high as $11.32. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.3090, with a volume of 644,229 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The business’s 50 day moving average is $11.27 and its two-hundred day moving average is $12.32.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a $0.0790 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Thursday, October 15th.

Insider Buying and Selling

In other news, Portfolio Manager Paul Brennan sold 5,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.45, for a total transaction of $62,250.00. Following the completion of the sale, the portfolio manager directly owned 13,050 shares of the company’s stock, valued at $162,472.50. The trade was a 27.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund in the first quarter worth $28,000. Bank of New York Mellon Corp bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 1st quarter valued at $131,000. Global Retirement Partners LLC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 2nd quarter valued at $140,000. Vista Investment Management purchased a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter valued at $143,000. Finally, Smith Chas P & Associates PA Cpas purchased a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter valued at $151,000.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NVG. The fund is managed by Nuveen, an investment management firm and subsidiary of TIAA, and is designed to provide investors with current income that is exempt from regular federal income tax.

The fund invests primarily in municipal securities issued by states, cities, counties, special districts and other governmental entities throughout the United States.