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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.78 and traded as low as $12.32. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.35, with a volume of 393,283 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Stock Down 1.0 %

The business’s fifty day moving average is $12.58 and its 200 day moving average is $12.78.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.079 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.95 annualized dividend and a yield of 7.68%.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. MML Investors Services LLC grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 11.3% in the 3rd quarter. MML Investors Services LLC now owns 26,666 shares of the company’s stock worth $357,000 after acquiring an additional 2,704 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter valued at $197,000. Benjamin Edwards Inc. acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter valued at $188,000. Gould Capital LLC increased its stake in Nuveen AMT-Free Municipal Credit Income Fund by 4.4% in the 3rd quarter. Gould Capital LLC now owns 167,904 shares of the company’s stock worth $2,248,000 after purchasing an additional 7,141 shares in the last quarter. Finally, Hilltop Holdings Inc. acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the 3rd quarter worth about $148,000.

About Nuveen AMT-Free Municipal Credit Income Fund

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.