Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Stock Crosses Above 50 Day Moving Average of $12.01

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $12.01 and traded as high as $12.46. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.40, with a volume of 747,011 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

The business’s 50-day moving average is $12.01 and its two-hundred day moving average is $11.91.

Nuveen AMT-Free Municipal Credit Income Fund Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were given a $0.079 dividend. The ex-dividend date was Friday, June 14th. This is a boost from Nuveen AMT-Free Municipal Credit Income Fund’s previous monthly dividend of $0.06. This represents a $0.95 annualized dividend and a dividend yield of 7.65%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 1.4% in the 3rd quarter. LPL Financial LLC now owns 586,394 shares of the company’s stock valued at $6,046,000 after purchasing an additional 8,124 shares in the last quarter. Mariner LLC boosted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 8.7% in the third quarter. Mariner LLC now owns 89,675 shares of the company’s stock worth $925,000 after buying an additional 7,175 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 8.8% in the third quarter. Advisors Asset Management Inc. now owns 479,623 shares of the company’s stock valued at $4,945,000 after buying an additional 38,715 shares in the last quarter. Penserra Capital Management LLC raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 79.1% during the 3rd quarter. Penserra Capital Management LLC now owns 851,167 shares of the company’s stock valued at $8,775,000 after buying an additional 375,844 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its position in Nuveen AMT-Free Municipal Credit Income Fund by 21.5% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 37,518 shares of the company’s stock worth $388,000 after acquiring an additional 6,645 shares in 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.