Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Shares Pass Below 200 Day Moving Average – Should You Sell?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.83 and traded as low as $12.70. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.74, with a volume of 358,222 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 0.3 %

The stock’s 50 day simple moving average is $12.44 and its 200 day simple moving average is $12.83.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.079 per share. The ex-dividend date is Friday, February 14th. This represents a $0.95 dividend on an annualized basis and a yield of 7.44%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NVG. Raymond James Financial Inc. bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter worth about $11,752,000. Wells Fargo & Company MN lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 70.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,524,382 shares of the company’s stock worth $18,689,000 after buying an additional 631,015 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 38.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,365,195 shares of the company’s stock worth $16,737,000 after buying an additional 377,741 shares during the last quarter. StoneX Group Inc. bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter worth about $4,279,000. Finally, Broyhill Asset Management bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter worth about $3,070,000.

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.