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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.56 and traded as low as $11.67. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.6980, with a volume of 965,190 shares traded.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The stock’s 50 day moving average price is $12.35 and its 200-day moving average price is $12.54.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.079 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 8.2%.

Insider Transactions at Nuveen AMT-Free Municipal Credit Income Fund

In other news, Portfolio Manager Paul L. Brennan sold 5,000 shares of Nuveen AMT-Free Municipal Credit Income Fund stock in a transaction on Monday, August 10th. The stock was sold at an average price of $12.45, for a total value of $62,250.00. Following the transaction, the portfolio manager directly owned 13,050 shares in the company, valued at approximately $162,472.50. This trade represents a 27.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Main Street Group LTD bought a new stake in Nuveen AMT-Free Municipal Credit Income Fund during the first quarter valued at about $28,000. Parallel Advisors LLC raised its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 462.9% in the third quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock worth $37,000 after purchasing an additional 2,467 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% during the fourth quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock valued at $39,000 after buying an additional 2,974 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 65.1% during the second quarter. Geneos Wealth Management Inc. now owns 3,775 shares of the company’s stock valued at $45,000 after buying an additional 1,488 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 3rd quarter valued at about $94,000.

About Nuveen AMT-Free Municipal Credit Income Fund

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.