Ibex Wealth Advisors Lowers Holdings in Nuveen AMT-Free Municipal Credit Income (NVG)

Ibex Wealth Advisors lessened its position in shares of Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) by 20.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,550 shares of the company’s stock after selling 23,567 shares during the period. Ibex Wealth Advisors’ holdings in Nuveen AMT-Free Municipal Credit Income were worth $1,317,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC bought a new position in shares of Nuveen AMT-Free Municipal Credit Income in the 2nd quarter valued at about $14,452,000. Van ECK Associates Corp grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income by 14.7% in the 2nd quarter. Van ECK Associates Corp now owns 603,427 shares of the company’s stock valued at $8,804,000 after acquiring an additional 77,502 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income by 19.5% in the 2nd quarter. Advisors Asset Management Inc. now owns 480,340 shares of the company’s stock valued at $3,395,000 after acquiring an additional 78,308 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income by 20.2% in the 1st quarter. Stifel Financial Corp now owns 356,795 shares of the company’s stock valued at $5,186,000 after acquiring an additional 59,963 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Nuveen AMT-Free Municipal Credit Income by 5.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 305,005 shares of the company’s stock valued at $4,450,000 after acquiring an additional 16,094 shares in the last quarter.

Shares of NYSE NVG traded down $0.01 during mid-day trading on Monday, hitting $14.60. The company had a trading volume of 269,600 shares, compared to its average volume of 377,233. Nuveen AMT-Free Municipal Credit Income has a one year low of $14.06 and a one year high of $15.70.

The firm also recently declared a monthly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be issued a dividend of $0.0655 per share. The ex-dividend date is Thursday, September 13th. This represents a $0.79 dividend on an annualized basis and a yield of 5.38%. This is a boost from Nuveen AMT-Free Municipal Credit Income’s previous monthly dividend of $0.07.

Nuveen AMT-Free Municipal Credit Income 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.

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

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