Insider Purchase: 10% owner at $NZF Buys 8,100 Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 18 2025
0mins
Source: NASDAQ.COM
Recent Insider Trading Activity: OF AMERICA CORP /DE/ BANK purchased 8,100 shares of $NZF stock for approximately $100,812, increasing their holdings, while insiders have made 11 trades in the past 6 months, with more sales than purchases.
Institutional Investor Movements: In the last quarter, 99 institutional investors increased their positions in $NZF, whereas 122 reduced theirs, indicating mixed sentiment among institutional stakeholders.
Analyst Views on NZF
Wall Street analysts forecast NZF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NZF is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 12.660
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Current: 12.660
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About NZF
Nuveen Municipal Credit Income Fund (The Fund) is a diversified closed-end management investment company. The Fund's investment objectives are to provide current income exempt from regular federal income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds. The Fund invests at least 80% of its assets in municipal securities and other related investments, the income from which is exempt from regular federal income taxes. The Fund may invest up to 20% of its managed assets in municipal securities that pay interest that is taxable under the federal alternative minimum tax. It may not enter into a futures contract or related options or forward contracts if more than 30% of its managed assets would be represented by futures contracts or more than 5% of its managed assets would be committed to initial margin deposits and premiums on futures contracts or related options. Its investment adviser is Nuveen Fund Advisors, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
