Royal Bank of Canada Buys 27,075 Shares of Nuveen AMT-Free Municipal Credit Income (NYSE:NVG)

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Royal Bank of Canada lifted its stake in Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 319,451 shares of the company’s stock after acquiring an additional 27,075 shares during the period. Royal Bank of Canada’s holdings in Nuveen AMT-Free Municipal Credit Income were worth $5,070,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NVG. NEXT Financial Group Inc purchased a new position in Nuveen AMT-Free Municipal Credit Income during the 2nd quarter worth $33,000. Parallel Advisors LLC purchased a new position in Nuveen AMT-Free Municipal Credit Income during the 2nd quarter worth $40,000. Steward Partners Investment Advisory LLC purchased a new position in Nuveen AMT-Free Municipal Credit Income during the 2nd quarter worth $91,000. Centaurus Financial Inc. grew its stake in Nuveen AMT-Free Municipal Credit Income by 6,509.3% during the 2nd quarter. Centaurus Financial Inc. now owns 7,072 shares of the company’s stock worth $112,000 after buying an additional 6,965 shares during the last quarter. Finally, Gradient Investments LLC grew its stake in Nuveen AMT-Free Municipal Credit Income by 15.5% during the 2nd quarter. Gradient Investments LLC now owns 7,159 shares of the company’s stock worth $114,000 after buying an additional 963 shares during the last quarter.

In related news, insider Gifford R. Zimmerman sold 1,957 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $16.79, for a total transaction of $32,858.03. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NVG stock opened at $16.60 on Friday. Nuveen AMT-Free Municipal Credit Income has a 1-year low of $13.30 and a 1-year high of $17.02. The stock’s fifty day moving average price is $16.64 and its 200 day moving average price is $15.99.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.065 per share. The ex-dividend date is Friday, October 11th. This represents a $0.78 annualized dividend and a yield of 4.70%.

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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