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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.81 and traded as low as $12.17. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.24, with a volume of 566,766 shares trading hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Down 0.7 %

The firm’s fifty day moving average price is $12.68 and its 200-day moving average price is $12.81.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.079 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Wednesday, January 15th.

Insider Activity

In related news, VP David J. Lamb acquired 3,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was acquired at an average cost of $12.44 per share, for a total transaction of $37,320.00. Following the acquisition, the vice president now owns 3,000 shares of the company’s stock, valued at $37,320. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

A number of large investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 19.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 987,454 shares of the company’s stock worth $13,222,000 after buying an additional 163,431 shares during the period. CoreCap Advisors LLC purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the second quarter worth about $1,605,000. Bayshore Asset Management LLC purchased a new stake in Nuveen AMT-Free Municipal Credit Income Fund in the third quarter worth about $1,698,000. Congress Park Capital LLC lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 37.0% in the third quarter. Congress Park Capital LLC now owns 370,000 shares of the company’s stock worth $4,954,000 after buying an additional 100,000 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Nuveen AMT-Free Municipal Credit Income Fund by 1,323.7% in the third quarter. International Assets Investment Management LLC now owns 67,483 shares of the company’s stock worth $904,000 after buying an additional 62,743 shares during the period.

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.