The $17.63M sale at $1,093/share is almost certainly a data error or a non-standard transaction (e.g., derivative exercise or conversion mislabeled). Focus on the $72K open-market sale by Toth, which is routine and not material. No actionable signal from this cluster unless the anomalous trade is clarified.
Price Chart
Executive Summary
Two insiders at Nuveen Municipal Credit Income Fund sold shares totaling $17.7M, with the vast majority ($17.63M) from Robert Young L at an unusually high price of $1,093/share, suggesting a potential data error or a non-standard transaction. The smaller $72K sale by Terence J. Toth is routine relative to the fund's size. The cluster is overwhelmingly selling, but the extreme price discrepancy for the larger trade raises questions about its nature.
Key Financial Metrics
Key Facts
- Two insiders sold shares in the last 7 days totaling $17.7M.
- Robert Young L sold 16,100 shares at $1,093.00 per share, totaling $17.63M.
- Terence J. Toth sold 6,677 shares at $10.755 per share, totaling $72K.
- The $1,093/share price for Young's sale is over 100x the fund's typical trading price (~$10.76), indicating a possible data error or a non-open-market transaction.
- Net direction is selling, with the vast majority of value from one insider's anomalous trade.
Financial Impact
Total insider sales of $17.7M, but $17.63M of this is from a single trade at an implausible price ($1,093 vs ~$10.76). If the price is erroneous, the real economic value is ~$72K, which is trivial.
Risk Factors
- Potential data error in the reported trade price for Robert Young L could mislead analysis.
- If the $17.63M sale is legitimate (e.g., a block trade or derivative conversion), it would represent a massive insider liquidation, but this is highly unlikely given the price discrepancy.
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NZF-1792530366004 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 5d ago | Insider Cluster | $10.94 $11.05 | ▼ −1.01% | ▼ −2.19% | $11.07 (−1.23%) |
Sep 3, 2026 7w ago | 425 | $11.92 $11.92 | · 0.00% | ▲ +0.39% | $11.07 (−7.09%) |
Jul 7, 2026 15w ago | 425 | $12.63 $12.64 | ▲ +0.08% | ▼ −0.77% | $11.07 (−12.31%) |
Jun 30, 2026 16w ago | EFFECT | $12.68 $12.68 | · 0.00% | ▲ +0.14% | $11.07 (−12.66%) |
US Market Status
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