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

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.64 and traded as low as $12.58. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6750, with a volume of 530,663 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The business has a 50-day simple moving average of $12.96 and a 200-day simple moving average of $12.64.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.079 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Friday, March 13th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 462.9% during the third quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock worth $37,000 after buying an additional 2,467 shares during the last quarter. Hurley Capital LLC purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter valued at approximately $38,000. Hantz Financial Services Inc. lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% during the 4th quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock worth $39,000 after acquiring an additional 2,974 shares during the period. Noble Wealth Management PBC purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter valued at approximately $40,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock valued at $45,000 after purchasing an additional 1,488 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 diversified, closed-end management investment company that primarily seeks to provide shareholders with a high level of current income exempt from federal income tax, including the alternative minimum tax. The fund pursues its objective by investing principally in investment-grade and below-investment-grade municipal obligations, with an emphasis on credits that are free from federal income tax. It may also invest up to a limited portion of its assets in municipal lease obligations, variable-rate demand notes, and other municipal derivatives.

As a part of the Nuveen family of investment products, NVG is managed by experienced municipal fixed-income professionals who conduct rigorous credit analysis and portfolio construction.