Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $11.09 and traded as low as $10.94. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.0020, with a volume of 843,961 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The business has a 50-day moving average of $11.09 and a 200 day moving average of $12.25.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a $0.0790 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date is Friday, November 13th.

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

Hedge funds have recently modified their holdings of the company. Worth Asset Management LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the second quarter worth $255,000. Chapin Davis Inc. grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 20.5% in the second quarter. Chapin Davis Inc. now owns 96,926 shares of the company’s stock valued at $1,241,000 after purchasing an additional 16,520 shares during the period. David J Yvars Group grew its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 97.2% in the second quarter. David J Yvars Group now owns 32,050 shares of the company’s stock valued at $410,000 after purchasing an additional 15,800 shares during the period. CoreCap Advisors LLC increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 4.2% in the second quarter. CoreCap Advisors LLC now owns 141,530 shares of the company’s stock valued at $1,812,000 after purchasing an additional 5,761 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 54.2% in the first quarter. Arkadios Wealth Advisors now owns 162,902 shares of the company’s stock valued at $2,009,000 after purchasing an additional 57,253 shares during the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG) is a closed-end fund managed by Nuveen, the investment management arm of TIAA. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities. The fund focuses on municipal obligations issued by states, local governments and other public entities across the United States. Its portfolio may include investment-grade and below-investment-grade municipal bonds, subject to the fund’s investment policies, and is designed to provide investors with tax-advantaged exposure to the municipal bond market.