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 Enhanced AMT-Free Municipal Credit Opportunities Fund. Nuveen AMT-Free Municipal Credit Income Fund was formed on July 12, 1999 and is domiciled in the United States. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund operates as a closed-end investment fund/investment trust. The company was founded on July 12, 1999 and is headquartered in Chicago, IL. 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. 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.
Technicals
In the quarter that ended in July, Databricks said it reached a $1.5 billion annual revenue run rate, with sales growing 50% year over year. Snowflake, whose shares debuted on the New York Stock Exchange in 2020, reported 36% growth in the latest quarter to $674 million in revenue. In the latest car pink slip round, shares were sold at $73.50 a piece, roughly equal to where they were priced in 2021. The $5 billion increase in valuation is the result of new shares that CEO Ali Ghodsi said have gone to the 3,500 employees the company has hired in the past two years, as well as to investors.
As some high-valued tech startups look to the long-dormant IPO market for their next funding round, Databricks is still finding investors that are happy to keep the company private, at least for now. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Nuveen AMT-Free Municipal Credit Income Fund declared a monthly dividend on Friday, September 1st. Investors of record on Friday, September 15th will be paid a dividend of $0.043 per share on Monday, October 2nd.
Benchmark for NVG
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- Chip designer Arm is returning to the public market on Thursday after getting taken private in 2016.
- Nuveen AMT-Free Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc.
- It employs fundamental analysis with bottom-up stock picking approach to create its portfolio.
- Many enterprise software makers have been trying to limit spending while growth rates slow because the uncertain economy has led big customers to reduce their purchasing.
- Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Founded in 2013 and based in San Francisco, Databricks last announced funding during the boom market of 2021, at a $38 billion valuation. Since then, cloud software stocks have plummeted, with rival Snowflake losing 45% of its value. However, unlike fellow software IPO candidates Canva and Stripe, Databricks has managed to maintain its share price. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
Trading & brokers
Get this delivered to your inbox, and more info about our products and services. Ghodsi said much of the cost cutting he’s pursued was in his company’s use of technology, particularly software subscriptions. Many enterprise software makers have been trying to limit spending while growth rates slow because the uncertain economy has led big customers to reduce their purchasing. Databricks has stayed in growth mode and hasn’t announced any layoffs. As for a potential initial public offering, Ghodsi said that’s still on the road map, and that this funding doesn’t change the company’s plans.
This represents a $0.52 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, September 14th. Nuveen AMT-Free Municipal Credit Income Fund’s stock was trading at $12.14 at the start of the year.
Rates & Bonds
Databricks spends a lot of money on Nvidia’s graphics processing units, largely through various public clouds, and even more now that his company owns Mosaic. He added that Nvidia and Mosaic had been in talks about a partnership before the acquisition. Nvidia is a new investor in Databricks, a notable addition as the chipmaker has been pouring cash into a host of AI infrastructure startups. Hugging Face, Cohere and CoreWeave are a few of the companies that Nvidia has backed at multibillion-dollar valuations. Protech Home Medical Corp. (V.PTQ) hit a new 52-week high of $1.55 on Wednesday. Announced today that it will diversify its product offering and has identified cosmetics and hemp-based …
- The company was founded on July 12, 1999 and is headquartered in Chicago, IL.
- This represents a $0.52 annualized dividend and a dividend yield of 4.73%.
- The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.
There hasn’t been a notable venture-backed tech IPO in the U.S. since late 2021. Nuveen AMT-Free Municipal Credit Income Fund saw a decrease in short interest in August. As of August 31st, there was short interest totaling 6,800 shares, a decrease of 86.8% from the August 15th total of 51,400 shares. Based on an average trading volume of 448,100 shares, the short-interest ratio is currently 0.0 days. View Nuveen AMT-Free Municipal Credit Income Fund’s Short Interest.
Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Databricks will get to see how much demand there is for new tech opportunities in the coming weeks. Chip designer Arm is returning to the public market on Thursday after getting taken private in 2016. Grocery delivery company Instacart and software vendor Klaviyo filed their prospectuses last month.
About Reuters
Upgrade to MarketBeat All Access to add more stocks to your watchlist. One share of NVG stock can currently be purchased for approximately $10.90. Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising. We’d like to share more about how we work and what drives our day-to-day business. Equally notable is the participation of Capital One’s venture arm as an investor for the first time. Ghodsi said that he started talking to Nvidia CEO Jensen Huang “a while back,” and that a strategic tie-up has become more important with both companies going deeper into AI.
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Should You Investigate The Navigator Company, S.A. (ELI:NVG) At €3.34? – Simply Wall St
Should You Investigate The Navigator Company, S.A. (ELI:NVG) At €3.34?.
Posted: Tue, 04 Apr 2023 07:00:00 GMT [source]
Since then, NVG shares have decreased by 10.2% and is now trading at $10.90. While high interest rates and economic concerns continue to weigh on the tech market, particularly on companies that are burning cash, Databricks is capitalizing on a surge of momentum in artificial intelligence. In July, Databricks acquired MosaicML, a startup with software for efficiently running large language models that can spit out natural-sounding text, for $1.3 billion.
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