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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.83 and traded as low as $12.70. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.76, with a volume of 240,411 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The firm’s 50 day moving average is $12.52 and its 200 day moving average is $12.83.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be given a $0.079 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 7.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. purchased a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter worth $28,000. Noble Wealth Management PBC purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter worth about $28,000. Fortitude Family Office LLC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter worth about $44,000. Farther Finance Advisors LLC grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 510.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,650 shares of the company’s stock valued at $49,000 after purchasing an additional 3,052 shares during the last quarter. Finally, Community Bank N.A. increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 100.0% during the 3rd quarter. Community Bank N.A. now owns 4,000 shares of the company’s stock valued at $54,000 after purchasing an additional 2,000 shares in the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.