Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

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 $12.70 and traded as low as $12.55. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6450, with a volume of 425,976 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The business has a 50 day moving average price of $12.54 and a two-hundred day moving average price of $12.70.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be paid a $0.079 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 7.5%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 54.2% in the first quarter. Arkadios Wealth Advisors now owns 162,902 shares of the company’s stock worth $2,009,000 after acquiring an additional 57,253 shares during the period. Gould Capital LLC lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 11.4% in the first quarter. Gould Capital LLC now owns 190,833 shares of the company’s stock worth $2,353,000 after acquiring an additional 19,600 shares during the period. Royal Bank of Canada lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 2.2% in the first quarter. Royal Bank of Canada now owns 448,875 shares of the company’s stock worth $5,534,000 after acquiring an additional 9,606 shares during the period. Cetera Investment Advisers lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 14.2% in the first quarter. Cetera Investment Advisers now owns 219,465 shares of the company’s stock worth $2,706,000 after acquiring an additional 27,316 shares during the period. Finally, World Equity Group Inc. lifted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 32.5% in the first quarter. World Equity Group Inc. now owns 23,450 shares of the company’s stock worth $289,000 after acquiring an additional 5,750 shares during the period.

About Nuveen AMT-Free Municipal Credit Income Fund

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.