Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Trading Down 1.4% – What’s Next?

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW)’s stock price dropped 1.4% during mid-day trading on Thursday . The company traded as low as $13.96 and last traded at $13.9850. Approximately 138,171 shares were traded during trading, an increase of 227% from the average session volume of 42,198 shares. The stock had previously closed at $14.19.

Nuveen AMT-Free Municipal Value Fund Stock Down 1.4%

The stock’s 50 day moving average price is $14.19 and its two-hundred day moving average price is $14.29.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.0485 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Value Fund

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund in the fourth quarter worth approximately $30,000. Camelot Portfolios LLC bought a new stake in Nuveen AMT-Free Municipal Value Fund in the fourth quarter worth approximately $51,000. Fifth Third Bancorp bought a new stake in Nuveen AMT-Free Municipal Value Fund in the first quarter worth approximately $79,000. Steward Partners Investment Advisory LLC increased its stake in shares of Nuveen AMT-Free Municipal Value Fund by 57.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,614 shares of the company’s stock worth $109,000 after purchasing an additional 2,769 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth $137,000.

Nuveen AMT-Free Municipal Value Fund Company Profile

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.