Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG – Get Free Report) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0790 per share on Tuesday, December 1st. This represents a $0.95 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, November 13th.
Nuveen AMT-Free Municipal Credit Income Fund Stock Up 0.6%
Shares of NYSE NVG opened at $11.37 on Wednesday. Nuveen AMT-Free Municipal Credit Income Fund has a 1-year low of $10.29 and a 1-year high of $13.59. The business has a 50-day moving average of $11.21 and a 200-day moving average of $12.30.
Insider Buying and Selling
In other news, Portfolio Manager Paul Brennan sold 5,000 shares of Nuveen AMT-Free Municipal Credit Income Fund stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $12.45, for a total value of $62,250.00. Following the completion of the transaction, the portfolio manager owned 13,050 shares in the company, valued at approximately $162,472.50. This trade represents a 27.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 15.3% during the second 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 during the last quarter. Bank of America Corp DE acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth $18,120,000. Van ECK Associates Corp lifted its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 3.5% in the second quarter. Van ECK Associates Corp now owns 1,053,650 shares of the company’s stock worth $13,487,000 after buying an additional 35,309 shares during the last quarter. Artesa Financial Group LLC boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 7.2% during the 3rd quarter. Artesa Financial Group LLC now owns 1,118,393 shares of the company’s stock worth $11,866,000 after buying an additional 74,896 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2.2% during the 1st quarter. Royal Bank of Canada now owns 448,875 shares of the company’s stock worth $5,534,000 after buying an additional 9,606 shares during the period.
Nuveen AMT-Free Municipal Credit Income Fund Company Profile
Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG) is a closed-end fund managed by Nuveen, the investment management arm of TIAA. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities.
The fund focuses on municipal obligations issued by states, local governments and other public entities across the United States. Its portfolio may include investment-grade and below-investment-grade municipal bonds, subject to the fund’s investment policies, and is designed to provide investors with tax-advantaged exposure to the municipal bond market.
Nuveen manages the fund’s portfolio through its municipal fixed-income investment platform.
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