Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Crosses 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 Monday . The stock has a fifty day moving average of $12.26 and traded as high as $12.56. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.53, with a volume of 547,943 shares traded.

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

The firm’s 50-day simple moving average is $12.26 and its 200-day simple moving average is $11.97.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th were given a $0.079 dividend. This represents a c) annualized dividend and a yield of 7.6%. The ex-dividend date was Wednesday, October 15th.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of NVG. Hurley Capital LLC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth about $38,000. Ameriflex Group Inc. bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth about $41,000. Geneos Wealth Management Inc. lifted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock worth $45,000 after acquiring an additional 1,488 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth about $53,000. Finally, Traub Capital Management LLC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth about $63,000.

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.