Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.079 per share on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Wednesday, July 15th.
Nuveen AMT-Free Municipal Credit Income Fund Trading Down 0.1%
Shares of NVG opened at $12.76 on Monday. Nuveen AMT-Free Municipal Credit Income Fund has a 12 month low of $11.50 and a 12 month high of $13.59. The stock has a fifty day moving average price of $12.62 and a 200-day moving average price of $12.71.
Institutional Investors Weigh In On Nuveen AMT-Free Municipal Credit Income Fund
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ramsey Quantitative Systems purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 2nd quarter valued at approximately $346,000. Melone Private Wealth LLC grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 26.5% during the 2nd quarter. Melone Private Wealth LLC now owns 126,739 shares of the company’s stock worth $1,622,000 after purchasing an additional 26,575 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 15.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,210,546 shares of the company’s stock valued at $28,295,000 after purchasing an additional 292,523 shares in the last quarter. Worth Asset Management LLC purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth $255,000. Finally, Chapin Davis Inc. raised its holdings 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 worth $1,241,000 after buying an additional 16,520 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.
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