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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.53 and traded as low as $12.47. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.55, with a volume of 501,384 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The company has a fifty day simple moving average of $13.16 and a 200-day simple moving average of $12.53.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.079 per share. This represents a $0.95 annualized dividend and a dividend yield of 7.55%. The ex-dividend date is Tuesday, October 15th.

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

A number of large investors have recently bought and sold shares of NVG. Bessemer Group Inc. acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter worth $36,000. Larson Financial Group LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth $39,000. Fortitude Family Office LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 3rd quarter worth $44,000. Farther Finance Advisors LLC lifted 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 worth $49,000 after acquiring an additional 3,052 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Nuveen AMT-Free Municipal Credit Income Fund during the 2nd quarter worth $59,000.

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.