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

Shares of Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) were down 1.4% during trading on Thursday . The company traded as low as $13.96 and last traded at $13.9850. 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 Trading Down 0.2%

The stock’s fifty day moving average price is $14.20 and its 200-day moving average price is $14.29.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.0485 per share. The ex-dividend date 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

A number of institutional investors have recently made changes to their positions in NUW. Breakwater Capital Group boosted its position in shares of Nuveen AMT-Free Municipal Value Fund by 10.2% during the 2nd quarter. Breakwater Capital Group now owns 63,205 shares of the company’s stock worth $909,000 after purchasing an additional 5,834 shares during the period. Bank of America Corp DE grew its position in Nuveen AMT-Free Municipal Value Fund by 0.9% in the 1st quarter. Bank of America Corp DE now owns 155,713 shares of the company’s stock valued at $2,231,000 after acquiring an additional 1,409 shares in the last quarter. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the first quarter worth about $79,000. Kestra Advisory Services LLC boosted its stake in shares of Nuveen AMT-Free Municipal Value Fund by 4.1% in the first quarter. Kestra Advisory Services LLC now owns 40,247 shares of the company’s stock valued at $577,000 after purchasing an additional 1,593 shares during the period. Finally, Stephens Inc. AR increased its stake in Nuveen AMT-Free Municipal Value Fund by 5.8% during the 1st quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock worth $261,000 after buying an additional 1,000 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.