Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.19 and traded as low as $13.97. Nuveen AMT-Free Municipal Value Fund shares last traded at $14.07, with a volume of 37,217 shares changing hands.

Nuveen AMT-Free Municipal Value Fund Stock Performance

The business has a fifty day simple moving average of $14.18 and a two-hundred day simple moving average of $14.23.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a $0.0485 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, August 14th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NUW. Royal Bank of Canada increased its holdings in Nuveen AMT-Free Municipal Value Fund by 12.5% in the first quarter. Royal Bank of Canada now owns 36,757 shares of the company’s stock valued at $505,000 after purchasing an additional 4,073 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 5.6% during the second quarter. Raymond James Financial Inc. now owns 304,383 shares of the company’s stock worth $4,164,000 after buying an additional 16,235 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth about $164,000. Smartleaf Asset Management LLC acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth about $1,693,000. Finally, Captrust Financial Advisors increased its stake in shares of Nuveen AMT-Free Municipal Value Fund by 10.4% in the 2nd quarter. Captrust Financial Advisors now owns 222,471 shares of the company’s stock valued at $3,043,000 after acquiring an additional 20,983 shares during the last quarter.

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.