Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $11.97 and traded as low as $11.78. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.80, with a volume of 758,022 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The business has a 50 day moving average price of $11.76 and a 200-day moving average price of $11.97.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th were issued a $0.079 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the first quarter valued at about $28,000. Hurley Capital LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the second quarter worth about $38,000. Ameriflex Group Inc. purchased a new position in Nuveen AMT-Free Municipal Credit Income Fund in the second quarter valued at about $41,000. Geneos Wealth Management Inc. lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock valued at $45,000 after acquiring an additional 1,488 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter valued at approximately $47,000.

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.