Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.16 and traded as high as $13.39. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $13.25, with a volume of 447,308 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

The stock’s 50 day moving average is $13.16 and its 200-day moving average is $12.50.

Nuveen AMT-Free Municipal Credit Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.079 per share. This represents a $0.95 annualized dividend and a dividend yield of 7.15%. The ex-dividend date is Tuesday, October 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC bought a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund in the 4th quarter valued at approximately $184,000. Nomura Holdings Inc. bought a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter worth $169,000. Global Assets Advisory LLC bought a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the first quarter worth $550,000. Kingswood Wealth Advisors LLC boosted its stake in Nuveen AMT-Free Municipal Credit Income Fund by 40.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 32,707 shares of the company’s stock worth $397,000 after buying an additional 9,352 shares during the period. Finally, Congress Park Capital LLC increased its position in Nuveen AMT-Free Municipal Credit Income Fund by 74.1% during the first quarter. Congress Park Capital LLC now owns 235,000 shares of the company’s stock valued at $2,855,000 after acquiring an additional 100,000 shares during the last quarter.

About Nuveen AMT-Free Municipal Credit Income Fund

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.