Pinnacle Associates Ltd. Acquires 19,652 Shares of Nuveen AMT-Free Municipal Credit Income (NYSE:NVG)

Pinnacle Associates Ltd. lifted its holdings in Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) by 16.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 136,956 shares of the company’s stock after buying an additional 19,652 shares during the period. Pinnacle Associates Ltd.’s holdings in Nuveen AMT-Free Municipal Credit Income were worth $2,173,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NVG. Pennsylvania Trust Co bought a new stake in shares of Nuveen AMT-Free Municipal Credit Income in the 1st quarter worth about $15,536,000. Ellis Investment Partners LLC bought a new position in Nuveen AMT-Free Municipal Credit Income during the 1st quarter valued at about $44,000. RFG Advisory LLC bought a new position in Nuveen AMT-Free Municipal Credit Income during the 1st quarter valued at about $587,000. Cliftonlarsonallen Wealth Advisors LLC grew its holdings in Nuveen AMT-Free Municipal Credit Income by 97.1% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 77,979 shares of the company’s stock valued at $1,238,000 after purchasing an additional 38,414 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Nuveen AMT-Free Municipal Credit Income by 16.2% during the 4th quarter. Bank of America Corp DE now owns 264,024 shares of the company’s stock valued at $3,692,000 after purchasing an additional 36,714 shares during the last quarter.

NYSE:NVG traded up $0.01 during mid-day trading on Thursday, hitting $16.80. 33,382 shares of the stock traded hands, compared to its average volume of 374,916. Nuveen AMT-Free Municipal Credit Income has a 52 week low of $13.30 and a 52 week high of $16.83. The firm’s 50 day moving average is $16.30 and its two-hundred day moving average is $15.47.

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.78 annualized dividend and a yield of 4.64%.

Nuveen AMT-Free Municipal Credit Income Profile

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.

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Institutional Ownership by Quarter for Nuveen AMT-Free Municipal Credit Income (NYSE:NVG)

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