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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.78 and traded as low as $12.32. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.35, with a volume of 393,283 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Up 0.1 %

The firm’s fifty day moving average is $12.58 and its 200 day moving average is $12.77.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.079 per share. The ex-dividend date is Friday, March 14th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 7.77%.

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

Several hedge funds and other institutional investors have recently modified their holdings of NVG. Thrivent Financial for Lutherans boosted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 7.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 192,665 shares of the company’s stock valued at $2,580,000 after acquiring an additional 12,585 shares during the last quarter. Larson Financial Group LLC raised its stake in Nuveen AMT-Free Municipal Credit Income Fund by 229.0% during the third quarter. Larson Financial Group LLC now owns 10,200 shares of the company’s stock worth $137,000 after purchasing an additional 7,100 shares during the period. Horizon Kinetics Asset Management LLC boosted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 88.5% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 26,556 shares of the company’s stock valued at $356,000 after purchasing an additional 12,471 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in Nuveen AMT-Free Municipal Credit Income Fund by 7.7% in the third quarter. Rockefeller Capital Management L.P. now owns 242,936 shares of the company’s stock worth $3,253,000 after acquiring an additional 17,390 shares during the period. Finally, Captrust Financial Advisors increased its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 3.5% during the 3rd quarter. Captrust Financial Advisors now owns 104,812 shares of the company’s stock worth $1,403,000 after purchasing an additional 3,507 shares during the last quarter.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.