Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC lessened its position in shares of Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) by 41.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 488,781 shares of the company’s stock after selling 345,451 shares during the quarter. Rivernorth Capital Management LLC’s holdings in Nuveen AMT-Free Municipal Credit Income were worth $7,757,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc acquired a new stake in Nuveen AMT-Free Municipal Credit Income during the second quarter valued at $33,000. Parallel Advisors LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income in the second quarter valued at about $40,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income in the second quarter valued at about $91,000. Gradient Investments LLC grew its position in shares of Nuveen AMT-Free Municipal Credit Income by 15.5% in the second quarter. Gradient Investments LLC now owns 7,159 shares of the company’s stock valued at $114,000 after purchasing an additional 963 shares during the period. Finally, Bremer Bank National Association acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income in the first quarter valued at about $125,000.

Shares of NYSE NVG traded up $0.04 during trading on Friday, hitting $16.36. The company had a trading volume of 2,167 shares, compared to its average volume of 383,959. The stock has a fifty day simple moving average of $16.56 and a two-hundred day simple moving average of $15.77. Nuveen AMT-Free Municipal Credit Income has a fifty-two week low of $13.30 and a fifty-two week high of $16.97.



The business also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.065 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.78 annualized dividend and a dividend yield of 4.77%.

In other news, insider Gifford R. Zimmerman sold 1,957 shares of Nuveen AMT-Free Municipal Credit Income stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $16.79, for a total value of $32,858.03. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Nuveen AMT-Free Municipal Credit Income 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.

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Institutional Ownership by Quarter for Nuveen AMT-Free Municipal Credit Income (NYSE:NVG)

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