Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $12.25 and traded as low as $10.61. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $10.7550, with a volume of 1,412,481 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The stock has a 50 day moving average of $11.68 and a 200 day moving average of $12.25.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0790 per share. This represents a $0.95 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Thursday, October 15th.

Insider Buying and Selling

In other Nuveen AMT-Free Municipal Credit Income Fund news, Portfolio Manager Paul L. Brennan sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $12.45, for a total value of $62,250.00. Following the transaction, the portfolio manager directly owned 13,050 shares of the company’s stock, valued at $162,472.50. This trade represents a 27.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Several large investors have recently made changes to their positions in the company. Fortitude Advisory Group L.L.C. increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 4.4% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 19,083 shares of the company’s stock valued at $242,000 after acquiring an additional 796 shares during the last quarter. Aurora Private Wealth Inc. boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 5.5% in the 2nd quarter. Aurora Private Wealth Inc. now owns 22,581 shares of the company’s stock valued at $289,000 after purchasing an additional 1,168 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 4.5% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 40,713 shares of the company’s stock valued at $521,000 after purchasing an additional 1,766 shares in the last quarter. Main Street Group LTD bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 1st quarter valued at $28,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 14.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 21,694 shares of the company’s stock valued at $278,000 after purchasing an additional 2,798 shares during the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NVG. The fund is managed by Nuveen, an investment management firm and subsidiary of TIAA, and is designed to provide investors with current income that is exempt from regular federal income tax.

The fund invests primarily in municipal securities issued by states, cities, counties, special districts and other governmental entities throughout the United States.