Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.70 and traded as low as $12.56. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.5650, with a volume of 446,914 shares.

Nuveen AMT-Free Municipal Credit Income Fund Trading Down 0.5%

The firm has a fifty day simple moving average of $12.58 and a 200-day simple moving average of $12.70.

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Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a dividend of $0.079 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Hedge funds have recently made changes to their positions in the company. Main Street Group LTD purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the first quarter worth about $28,000. 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 purchasing an additional 2,467 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% during the fourth quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock worth $39,000 after purchasing an additional 2,974 shares during the last quarter. Noble Wealth Management PBC purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter worth about $40,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock worth $45,000 after purchasing an additional 1,488 shares during the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

(Get Free Report)

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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