Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Plans $0.08 Monthly Dividend

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.079 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Friday, August 14th.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

Shares of NVG opened at $12.30 on Tuesday. Nuveen AMT-Free Municipal Credit Income Fund has a one year low of $11.53 and a one year high of $13.59. The business’s 50 day simple moving average is $12.63 and its 200-day simple moving average is $12.70.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NVG. Fortitude Advisory Group L.L.C. grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 4.4% during 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. Focus Partners Wealth raised its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 1.3% in the third quarter. Focus Partners Wealth now owns 71,519 shares of the company’s stock worth $879,000 after purchasing an additional 895 shares in the last quarter. Savvy Advisors Inc. raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 6.0% during the fourth quarter. Savvy Advisors Inc. now owns 17,613 shares of the company’s stock valued at $223,000 after buying an additional 993 shares during the last quarter. Aurora Private Wealth Inc. increased its holdings in 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 worth $289,000 after buying an additional 1,168 shares in the last quarter. Finally, XML Financial LLC grew its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 6.9% during the 4th quarter. XML Financial LLC now owns 18,169 shares of the company’s stock valued at $230,000 after purchasing an additional 1,169 shares during the period.

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.