David J. Lamb, Vice President of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG), recently acquired 3,000 shares of the company's common stock. The purchase, executed on November 6, 2024, was valued at approximately $37,320, with each share priced at $12.44. Following this transaction, Lamb holds 3,000 shares in a joint account. This move reflects a continued investment interest in the fund's performance.
InvestingPro Insights
David J. Lamb's recent acquisition of Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) shares aligns with several key attributes of the fund highlighted by InvestingPro. The fund's significant dividend yield of 7.63% stands out as a particularly attractive feature for investors seeking income. This high yield is supported by NVG's consistent dividend history, with InvestingPro Tips noting that the fund has maintained dividend payments for 23 consecutive years.
The fund's stability is further underscored by another InvestingPro Tip, which indicates that NVG generally trades with low price volatility. This characteristic may be appealing to investors like Lamb who are looking for steady performance in their portfolio. Additionally, the fund's profitability over the last twelve months, as pointed out by InvestingPro, suggests a solid financial foundation.
For investors interested in a deeper analysis, InvestingPro offers 6 additional tips that could provide further insights into NVG's investment potential. These additional tips, available through the InvestingPro product, could offer a more comprehensive view of the fund's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.