Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Trading Down 0.8% – Here’s What Happened

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW)’s share price dropped 0.8% during mid-day trading on Thursday . The company traded as low as $13.88 and last traded at $13.9750. Approximately 60,507 shares changed hands during trading, an increase of 82% from the average daily volume of 33,307 shares. The stock had previously closed at $14.09.

Nuveen AMT-Free Municipal Value Fund Price Performance

The company’s fifty day simple moving average is $14.38 and its 200 day simple moving average is $14.30.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $0.0485 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, March 13th.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

Several large investors have recently bought and sold shares of NUW. International Assets Investment Management LLC bought a new stake in Nuveen AMT-Free Municipal Value Fund during the 4th quarter valued at approximately $30,000. Camelot Portfolios LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth approximately $51,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Nuveen AMT-Free Municipal Value Fund by 57.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,614 shares of the company’s stock valued at $109,000 after purchasing an additional 2,769 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at approximately $137,000. Finally, Disciplined Investments LLC bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the third quarter valued at approximately $143,000.

About Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Value Fund (NYSE: NUW) is a closed-end management investment company that seeks to provide shareholders with regular income exempt from federal alternative minimum tax. The fund primarily invests in municipal obligations issued by U.S. state and local governments, including general obligation bonds, revenue bonds and notes. By focusing on instruments that are free from federal AMT, the fund targets investors looking for tax-advantaged income in a structured, professionally managed vehicle.

Since its inception in September 2008, NUW has employed an active management approach, aiming to build a diversified portfolio of investment-grade municipal securities.