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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.58 and traded as low as $12.39. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.45, with a volume of 913,521 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Trading Down 1.5 %

The stock’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $12.58.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.079 per share. The ex-dividend date is Friday, November 15th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 7.61%.

Institutional Trading of Nuveen AMT-Free Municipal Credit Income Fund

Several large investors have recently made changes to their positions in NVG. Bessemer Group Inc. acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter worth approximately $36,000. Larson Financial Group LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth approximately $39,000. Fortitude Family Office LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 3rd quarter worth approximately $44,000. Farther Finance Advisors LLC boosted its position in shares of 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 worth $49,000 after acquiring an additional 3,052 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth approximately $59,000.

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.