Parallel Advisors LLC Makes New $40,000 Investment in Nuveen AMT-Free Municipal Credit Income (NYSE:NVG)

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Parallel Advisors LLC purchased a new position in Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,542 shares of the company’s stock, valued at approximately $40,000.

Several other institutional investors have also recently added to or reduced their stakes in NVG. Sequoia Financial Advisors LLC boosted its position in Nuveen AMT-Free Municipal Credit Income by 19.1% during the second quarter. Sequoia Financial Advisors LLC now owns 11,928 shares of the company’s stock valued at $189,000 after purchasing an additional 1,910 shares during the last quarter. Advisor Group Inc. grew its position in Nuveen AMT-Free Municipal Credit Income by 0.3% during the 2nd quarter. Advisor Group Inc. now owns 277,842 shares of the company’s stock worth $4,410,000 after acquiring an additional 714 shares during the last quarter. CWM LLC grew its position in Nuveen AMT-Free Municipal Credit Income by 31.5% during the 2nd quarter. CWM LLC now owns 135,587 shares of the company’s stock worth $2,152,000 after acquiring an additional 32,490 shares during the last quarter. Raymond James & Associates grew its position in Nuveen AMT-Free Municipal Credit Income by 1.1% during the 1st quarter. Raymond James & Associates now owns 276,905 shares of the company’s stock worth $4,184,000 after acquiring an additional 3,123 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC grew its position in Nuveen AMT-Free Municipal Credit Income by 97.1% during the 2nd quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 77,979 shares of the company’s stock worth $1,238,000 after acquiring an additional 38,414 shares during the last quarter.

NVG stock traded up $0.01 during midday trading on Wednesday, reaching $16.77. 200 shares of the stock were exchanged, compared to its average volume of 372,957. Nuveen AMT-Free Municipal Credit Income has a 52 week low of $13.30 and a 52 week high of $16.83. The company has a fifty day moving average price of $16.38 and a 200 day moving average price of $15.54.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.78 dividend on an annualized basis and a yield of 4.65%.

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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