Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) Share Price Passes Above 50 Day Moving Average of $11.87

Shares of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $11.87 and traded as high as $12.06. Nuveen AMT-Free Municipal Credit Income Fund shares last traded at $12.06, with a volume of 452,505 shares changing hands.

Nuveen AMT-Free Municipal Credit Income Fund Stock Up 0.8 %

The firm has a fifty day moving average price of $11.87 and a 200-day moving average price of $11.30.

Nuveen AMT-Free Municipal Credit Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Nuveen AMT-Free Municipal Credit Income Fund’s previous monthly dividend of $0.05. This represents a $0.70 annualized dividend and a dividend yield of 5.77%.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Credit Income Fund

Several institutional investors have recently modified their holdings of the business. Nomura Holdings Inc. bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter valued at approximately $169,000. Fisher Asset Management LLC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter valued at approximately $184,000. Creekmur Asset Management LLC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income Fund in the fourth quarter valued at approximately $42,000. Virtu Financial LLC bought a new position in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter valued at $329,000. Finally, Arkos Global Advisors bought a new position in Nuveen AMT-Free Municipal Credit Income Fund during the fourth quarter valued at $278,000.

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.