Nuveen Municipal Credit Income Fund (NZF): Analysis on simple moving average

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Nuveen Municipal Credit Income Fund (NYSE:NZF) changes shares on last trading session, with a change of 0.26% or $0.04 shares. The trading closed at $15.42 throughout the day. After the session, the Financial sector daily volume shifted to 0.23 million while its average volume is 234.34K. In other hand, the NZF market cap reached to $2.20B.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.25% and up 4.53% for month. Its quarterly performance was 14.69% above, while its half year performance is down -5.67%. NZF yearly performance stood at negative -4.51% and fall -5.56% for year-to-date. Current recommendation for Nuveen Municipal Credit Income Fund is 5.00.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NZF EPS (TTM) for 12-month is -0.53.

UBS Group AG, Morgan Stanley and Wells Fargo & Company are the top three holders in Nuveen Municipal Credit Income Fund (NZF) stock. On Jun 29, 2020, UBS Group AG has 1.81 million shares which valued 26.66 million. On Mar 30, 2020, Morgan Stanley owned 1.54 million shares which valued at 21.73 million. On Mar 30, 2020, Wells Fargo & Company has a total of 1.04 million shares which valued at 14.66 million. In the end, Wells Fargo & Company have 0.73% shares outstanding of Nuveen Municipal Credit Income Fund (NZF) on Mar 30, 2020. The institutional holding shifted to 10.29%.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NZF rise 1.73% for period of 200 days. SMA for 50 days was 4.45% which is showing green signal, while SMA-20 was 2.16%. The moving average value for Nuveen Municipal Credit Income Fund (NZF) is 14.77 and 15.00 for 200 and 50 days respectively.