Billeaud Capital Management Inc. Trims Holdings in Nuveen AMT-Free Municipal Credit Income (NVG)

Billeaud Capital Management Inc. cut its holdings in shares of Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,023 shares of the company’s stock after selling 6,200 shares during the quarter. Billeaud Capital Management Inc.’s holdings in Nuveen AMT-Free Municipal Credit Income were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NVG. Wells Fargo & Company MN raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income by 4.2% in the 3rd quarter. Wells Fargo & Company MN now owns 1,466,117 shares of the company’s stock valued at $21,346,000 after purchasing an additional 58,699 shares in the last quarter. Ronna Sue Cohen raised its holdings in shares of Nuveen AMT-Free Municipal Credit Income by 7.2% in the 3rd quarter. Ronna Sue Cohen now owns 189,117 shares of the company’s stock valued at $2,754,000 after purchasing an additional 12,769 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income in the 3rd quarter valued at $150,000. First Republic Investment Management Inc. acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income in the 2nd quarter valued at $615,000. Finally, Regal Investment Advisors LLC acquired a new stake in shares of Nuveen AMT-Free Municipal Credit Income in the 3rd quarter valued at $326,000.

In other news, insider Paul L. Brennan acquired 10,300 shares of Nuveen AMT-Free Municipal Credit Income stock in a transaction dated Monday, December 17th. The shares were acquired at an average cost of $13.58 per share, for a total transaction of $139,874.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Shares of NVG traded up $0.06 during midday trading on Friday, reaching $14.40. The stock had a trading volume of 498,802 shares, compared to its average volume of 476,325. Nuveen AMT-Free Municipal Credit Income has a 1-year low of $13.30 and a 1-year high of $15.38.

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 1st. Stockholders of record on Tuesday, January 15th will be issued a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 5.46%. This is a positive change from Nuveen AMT-Free Municipal Credit Income’s previous monthly dividend of $0.07. The ex-dividend date is Monday, January 14th.

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About Nuveen AMT-Free Municipal Credit Income

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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