Capital Investment Advisors LLC Reduces Stake in Nuveen AMT-Free Municipal Credit Income (NYSE:NVG)

Capital Investment Advisors LLC reduced its position in Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,491 shares of the company’s stock after selling 1,879 shares during the period. Capital Investment Advisors LLC’s holdings in Nuveen AMT-Free Municipal Credit Income were worth $3,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income by 1.2% in the 1st quarter. Sit Investment Associates Inc. now owns 535,165 shares of the company’s stock worth $8,086,000 after buying an additional 6,417 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income by 12.7% in the 1st quarter. Advisor Group Inc. now owns 277,128 shares of the company’s stock worth $4,188,000 after buying an additional 31,292 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income by 1.1% in the 1st quarter. Raymond James & Associates now owns 276,905 shares of the company’s stock worth $4,184,000 after buying an additional 3,123 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income by 16.2% in the 4th quarter. Bank of America Corp DE now owns 264,024 shares of the company’s stock worth $3,692,000 after buying an additional 36,714 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Nuveen AMT-Free Municipal Credit Income by 0.5% in the 1st quarter. Creative Planning now owns 172,935 shares of the company’s stock worth $2,613,000 after buying an additional 945 shares during the last quarter.

Shares of NVG stock remained flat at $$16.13 on Friday. The stock had a trading volume of 157,436 shares, compared to its average volume of 386,586. Nuveen AMT-Free Municipal Credit Income has a 52-week low of $13.30 and a 52-week high of $16.24. The firm’s 50-day moving average is $15.92.

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a $0.065 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.84%.

Nuveen AMT-Free Municipal Credit Income 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.

Further Reading: Market Capitalization and Individual Investors

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Institutional Ownership by Quarter for Nuveen AMT-Free Municipal Credit Income (NYSE:NVG)

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