Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Passes Below 200 Day Moving Average – What’s Next?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.69 and traded as low as $12.49. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.5750, with a volume of 451,092 shares.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The company’s fifty day moving average is $12.49 and its 200-day moving average is $12.69.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

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

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Several large investors have recently modified their holdings of the company. Guggenheim Capital LLC boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 41.1% during the 4th quarter. Guggenheim Capital LLC now owns 2,562,261 shares of the company’s stock worth $32,438,000 after buying an additional 746,944 shares during the period. UBS Group AG raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 2.6% during the 4th quarter. UBS Group AG now owns 2,016,132 shares of the company’s stock valued at $25,524,000 after purchasing an additional 51,450 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 12.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,649,211 shares of the company’s stock valued at $20,879,000 after purchasing an additional 182,681 shares during the last quarter. Van ECK Associates Corp raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 10.5% during the 4th quarter. Van ECK Associates Corp now owns 1,231,724 shares of the company’s stock valued at $15,594,000 after purchasing an additional 116,988 shares during the last quarter. Finally, Artesa Financial Group LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter valued at $14,383,000.

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.