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

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares crossed 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 Price Performance

The firm has a 50 day moving average price of $12.58 and a 200-day moving average price of $12.77.

Nuveen AMT-Free Municipal Credit Income Fund Dividend Announcement

The company also recently declared 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. This represents a $0.95 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend is Friday, March 14th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of NVG. Wells Fargo & Company MN grew its stake in shares of Nuveen AMT-Free Municipal Credit Income Fund by 70.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,524,382 shares of the company’s stock worth $18,689,000 after purchasing an additional 631,015 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen AMT-Free Municipal Credit Income Fund by 38.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,365,195 shares of the company’s stock worth $16,737,000 after acquiring an additional 377,741 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 3.4% in the 4th quarter. Bank of America Corp DE now owns 1,316,158 shares of the company’s stock valued at $16,136,000 after acquiring an additional 43,044 shares during the last quarter. Guggenheim Capital LLC increased its holdings in shares of Nuveen AMT-Free Municipal Credit Income Fund by 10.6% in the 4th quarter. Guggenheim Capital LLC now owns 1,282,718 shares of the company’s stock valued at $15,726,000 after acquiring an additional 122,940 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income Fund during the 4th quarter worth about $11,752,000.

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.