Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Plans $0.08 Monthly Dividend

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.079 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

Shares of NYSE:NVG traded down $0.01 during midday trading on Wednesday, hitting $12.01. 162,236 shares of the stock were exchanged, compared to its average volume of 581,227. Nuveen AMT-Free Municipal Credit Income Fund has a 52-week low of $11.80 and a 52-week high of $13.59. The business’s fifty day simple moving average is $12.50 and its two-hundred day simple moving average is $12.62.

Insiders Place Their Bets

In other news, Portfolio Manager Paul L. Brennan sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $12.45, for a total transaction of $62,250.00. Following the completion of the sale, the portfolio manager directly owned 13,050 shares of the company’s stock, valued at $162,472.50. This trade represents a 27.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

Several large investors have recently made changes to their positions in the company. Artesa Financial Group LLC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter valued at approximately $14,383,000. XML Financial LLC grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 6.9% in the fourth quarter. XML Financial LLC now owns 18,169 shares of the company’s stock worth $230,000 after acquiring an additional 1,169 shares in the last quarter. Hantz Financial Services Inc. grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 2,341.7% in the fourth quarter. Hantz Financial Services Inc. now owns 3,101 shares of the company’s stock worth $39,000 after acquiring an additional 2,974 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth $137,000. Finally, Kingsview Wealth Management LLC raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 5.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 79,966 shares of the company’s stock valued at $1,012,000 after purchasing an additional 3,932 shares in the last quarter.

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.