Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.58 and traded as high as $12.72. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.6750, with a volume of 544,260 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Trading Down 0.2%

The firm’s 50-day moving average price is $12.58 and its 200 day moving average price is $12.70.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be given a dividend of $0.079 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Monday, June 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 the stock. Melone Private Wealth LLC raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 1.9% during the 4th quarter. Melone Private Wealth LLC now owns 99,269 shares of the company’s stock worth $1,257,000 after buying an additional 1,830 shares during the period. Noble Wealth Management PBC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter worth approximately $40,000. Alpine Global Management LLC acquired a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the third quarter valued at approximately $1,770,000. Community Bank N.A. grew its stake in Nuveen AMT-Free Municipal Credit Income Fund by 20.0% in the third quarter. Community Bank N.A. now owns 6,000 shares of the company’s stock valued at $74,000 after acquiring an additional 1,000 shares during the period. Finally, Texas Capital Bancshares Inc TX bought a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the third quarter valued at approximately $111,000.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG) is a diversified, closed-end management investment company that primarily seeks to provide shareholders with a high level of current income exempt from federal income tax, including the alternative minimum tax. The fund pursues its objective by investing principally in investment-grade and below-investment-grade municipal obligations, with an emphasis on credits that are free from federal income tax. It may also invest up to a limited portion of its assets in municipal lease obligations, variable-rate demand notes, and other municipal derivatives.

As a part of the Nuveen family of investment products, NVG is managed by experienced municipal fixed-income professionals who conduct rigorous credit analysis and portfolio construction.