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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $11.27 and traded as high as $11.32. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $11.3090, with a volume of 644,229 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The stock has a 50-day simple moving average of $11.25 and a 200-day simple moving average of $12.32.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be issued a $0.0790 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.95 annualized dividend and a yield of 8.3%.

Insider Transactions at Nuveen AMT-Free Municipal Credit Income Fund

In related news, Portfolio Manager Paul Brennan sold 5,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $12.45, for a total value of $62,250.00. Following the sale, the portfolio manager directly owned 13,050 shares in the company, valued at approximately $162,472.50. The trade was a 27.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Several large investors have recently modified their holdings of the business. Main Street Group LTD bought a new position in Nuveen AMT-Free Municipal Credit Income Fund in the 1st quarter valued at $28,000. Bank of New York Mellon Corp purchased a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 1st quarter valued at $131,000. Global Retirement Partners LLC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth $140,000. Vista Investment Management bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth $143,000. Finally, Smith Chas P & Associates PA Cpas bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth $151,000.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG) is a closed-end fund managed by Nuveen, the investment management arm of TIAA. The fund seeks to provide current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities.

The fund focuses on municipal obligations issued by states, local governments and other public entities across the United States. Its portfolio may include investment-grade and below-investment-grade municipal bonds, subject to the fund’s investment policies, and is designed to provide investors with tax-advantaged exposure to the municipal bond market.

Nuveen manages the fund’s portfolio through its municipal fixed-income investment platform.