Nuveen AMT-Free Municipal Credi (NYSE:NVG) Sees Unusual Trading Volume in Its Shares


Nuveen AMT-Free Municipal Credi shares had a trading volume of 296K in the last trading session. Overall, volume was up 466.31% over the stocks normal daily volume. Traders are feeling more bullish on shares of Nuveen AMT-Free Municipal Credi as shown by the motion in short interest. The company had a fall in short interest of -51.44% as of the latest report on September 29, 2017. Short shares decreased 78,570 over that period.

These firms have modified their investment in NVG. As of quarter end Robinson Capital Management, LLC had disposed of 9,922 shares trimming its position 2.6%. The value of the total investment in Nuveen AMT-Free Municipal Credi increased from $5,490,000 to $5,539,000 a change of $49,000 for the reporting period. Cornerstone Advisory, Llp added to its position by buying 451,830 shares an increase of 4,518.3% in the quarter. Cornerstone Advisory, Llp claims 461,830 shares valued at $6,997,000. The total value of its holdings increased 4,725.5%.

As of the end of the quarter Ubs Group Ag had bought a total of 38,370 shares growing its holdings by 1.7%. The value of the investment in (NVG) went from $32,144,000 to $33,890,000 a change of 5.4% quarter to quarter. As of quarter end Koshinski Asset Management, Inc. had sold 742 shares trimming its stake by 0.6%. The value of the investment in Nuveen AMT-Free Municipal Credi increased from $1,877,000 to $1,934,004,000 increasing 102,937.0% since the last quarter.

The company is trading up from yesterday’s close of 15.44. Nuveen AMT-Free Municipal Credi announced a dividend that will be paid on Wed Nov 1, 2017. The dividend payment will be $0.218 per share for the quarter which comes to $0.87 on an annualized basis. The dividend yield will be $5.77. The ex-dividend date has been established as Thursday the 14th of September 2017.

Shares of the company are trading at $15.48 which is marginally lower than the 50 day moving average of $15.57 and which is slightly above the 200 day moving average of $15.20. The 50 day moving average was down $-0.09 and the 200 day average moved up $0.28.

Nuveen Enhanced AMT-Free Municipal Credit Opportunities 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. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against Standard & Poor’s (S&P) Insured Municipal Bond Index. It was formerly known as Nuveen Insured Dividend Advantage Municipal Fund. It was formerly known as Nuveen Dividend Advantage Municipal Income Fund. Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund was formed on July 12, 1999 and is domiciled in the United States..