Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Trading Down 0.2% – Here’s What Happened

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW)’s stock price dropped 0.2% during mid-day trading on Tuesday . The stock traded as low as $14.17 and last traded at $14.24. 15,432 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 41,503 shares. The stock had previously closed at $14.27.

Nuveen AMT-Free Municipal Value Fund Stock Performance

The business has a 50 day moving average of $14.14 and a 200 day moving average of $14.28.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.0485 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, June 15th.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in Nuveen AMT-Free Municipal Value Fund by 0.9% during the 1st quarter. Bank of America Corp DE now owns 155,713 shares of the company’s stock worth $2,231,000 after acquiring an additional 1,409 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Nuveen AMT-Free Municipal Value Fund in the first quarter worth $79,000. Kestra Advisory Services LLC boosted its position in shares of Nuveen AMT-Free Municipal Value Fund by 4.1% during the first quarter. Kestra Advisory Services LLC now owns 40,247 shares of the company’s stock worth $577,000 after purchasing an additional 1,593 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Nuveen AMT-Free Municipal Value Fund by 5.8% during the first quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock worth $261,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Breakwater Capital Group grew its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 11.8% in the 1st quarter. Breakwater Capital Group now owns 57,371 shares of the company’s stock valued at $822,000 after buying an additional 6,036 shares during the period.

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.