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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.43 and traded as low as $11.93. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.01, with a volume of 573,633 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Down 0.1%

The firm’s fifty day simple moving average is $12.03 and its 200-day simple moving average is $12.43.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.079 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.95 dividend on an annualized basis and a yield of 7.89%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 70.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,524,382 shares of the company’s stock valued at $18,689,000 after purchasing an additional 631,015 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 9.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,493,147 shares of the company’s stock valued at $18,485,000 after acquiring an additional 127,952 shares during the period. Bank of America Corp DE boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 3.4% during the 4th quarter. Bank of America Corp DE now owns 1,316,158 shares of the company’s stock valued at $16,136,000 after acquiring an additional 43,044 shares during the last quarter. Guggenheim Capital LLC grew its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 10.6% in the fourth quarter. Guggenheim Capital LLC now owns 1,282,718 shares of the company’s stock worth $15,726,000 after acquiring an additional 122,940 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 13.7% during the first quarter. Raymond James Financial Inc. now owns 1,089,653 shares of the company’s stock valued at $13,490,000 after purchasing an additional 131,060 shares during the last quarter.

About Nuveen AMT-Free Municipal Credit Income Fund

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.