Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG – Get Free Report) declared a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be paid a dividend of 0.079 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, November 14th.
Nuveen AMT-Free Municipal Credit Income Fund Trading Down 0.5%
Shares of Nuveen AMT-Free Municipal Credit Income Fund stock traded down $0.06 during trading hours on Wednesday, reaching $12.66. 271,215 shares of the company’s stock were exchanged, compared to its average volume of 493,604. Nuveen AMT-Free Municipal Credit Income Fund has a 52-week low of $11.00 and a 52-week high of $13.37. The company has a fifty day moving average of $12.35 and a 200-day moving average of $12.01.
Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund
Hedge funds have recently added to or reduced their stakes in the business. Gridiron Partners LLC increased its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 1,873.1% during the 3rd quarter. Gridiron Partners LLC now owns 4,591,844 shares of the company’s stock valued at $56,434,000 after acquiring an additional 4,359,116 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 7.3% in the second quarter. Guggenheim Capital LLC now owns 1,469,883 shares of the company’s stock valued at $17,536,000 after purchasing an additional 99,509 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Nuveen AMT-Free Municipal Credit Income Fund by 3.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 1,466,530 shares of the company’s stock worth $18,024,000 after purchasing an additional 43,519 shares during the last quarter. Raymond James Financial Inc. raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 13.7% during the first quarter. Raymond James Financial Inc. now owns 1,089,653 shares of the company’s stock worth $13,490,000 after purchasing an additional 131,060 shares during the period. Finally, LPL Financial LLC raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 24.2% during the first quarter. LPL Financial LLC now owns 855,155 shares of the company’s stock worth $10,587,000 after purchasing an additional 166,505 shares during the period.
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.
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