Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG – Get Free Report) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.079 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, August 14th.
Nuveen AMT-Free Municipal Credit Income Fund Trading Up 0.3%
NVG opened at $12.36 on Wednesday. The business’s 50-day moving average is $12.62 and its two-hundred day moving average is $12.69. Nuveen AMT-Free Municipal Credit Income Fund has a 1 year low of $11.53 and a 1 year high of $13.59.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of NVG. Left Brain Wealth Management LLC lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 81.1% during the fourth quarter. Left Brain Wealth Management LLC now owns 77,058 shares of the company’s stock valued at $976,000 after acquiring an additional 34,508 shares during the last quarter. UBS Group AG grew its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 2.6% in the fourth quarter. UBS Group AG now owns 2,016,132 shares of the company’s stock worth $25,524,000 after purchasing an additional 51,450 shares during the last quarter. BOKF NA purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter worth $88,000. Indivisible Partners acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth $197,000. Finally, FSA Advisors Inc. increased its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 46.7% during the fourth quarter. FSA Advisors Inc. now owns 77,229 shares of the company’s stock worth $978,000 after purchasing an additional 24,567 shares in 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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