Nuveen AMT-Free Municipal Value Fund (NYSE:NUW – Get Free Report) announced a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.0485 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, May 15th.
Nuveen AMT-Free Municipal Value Fund Stock Up 0.4%
NUW stock traded up $0.05 during trading on Wednesday, reaching $14.03. The company had a trading volume of 49,347 shares, compared to its average volume of 38,419. The firm has a 50-day simple moving average of $14.29 and a 200-day simple moving average of $14.32. Nuveen AMT-Free Municipal Value Fund has a twelve month low of $13.42 and a twelve month high of $14.70.
Institutional Trading of Nuveen AMT-Free Municipal Value Fund
Several large investors have recently made changes to their positions in NUW. International Assets Investment Management LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the fourth quarter valued at $30,000. Camelot Portfolios LLC purchased a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 4th quarter valued at approximately $51,000. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 1st quarter worth $79,000. Steward Partners Investment Advisory LLC increased its holdings in 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 worth $109,000 after acquiring an additional 2,769 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth $137,000.
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.
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