AE Wealth Management LLC Takes Position in Nuveen AMT-Free Municipal Credit Income (NVG)

AE Wealth Management 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 21,709 shares of the company’s stock, valued at approximately $317,000.

Other institutional investors have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in Nuveen AMT-Free Municipal Credit Income during the 1st quarter worth approximately $313,000. Thrivent Financial for Lutherans acquired a new stake in Nuveen AMT-Free Municipal Credit Income during the 1st quarter worth approximately $260,000. Stratos Wealth Partners LTD. increased its position in Nuveen AMT-Free Municipal Credit Income by 12.1% during the 1st quarter. Stratos Wealth Partners LTD. now owns 50,422 shares of the company’s stock worth $732,000 after purchasing an additional 5,447 shares in the last quarter. Stifel Financial Corp increased its position in Nuveen AMT-Free Municipal Credit Income by 20.2% during the 1st quarter. Stifel Financial Corp now owns 356,795 shares of the company’s stock worth $5,186,000 after purchasing an additional 59,963 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in Nuveen AMT-Free Municipal Credit Income by 246.5% during the 1st quarter. Landscape Capital Management L.L.C. now owns 147,042 shares of the company’s stock worth $2,134,000 after purchasing an additional 104,607 shares in the last quarter.

NVG opened at $14.80 on Monday. Nuveen AMT-Free Municipal Credit Income has a 1 year low of $14.06 and a 1 year high of $15.74.

The firm also recently announced a monthly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 14th will be given a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Thursday, September 13th. This is an increase from Nuveen AMT-Free Municipal Credit Income’s previous monthly dividend of $0.07.

Nuveen AMT-Free Municipal Credit Income 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.

Read More: Price to Earnings Ratio (PE)

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

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