Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Shares Down 0.2% – Should You Sell?

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW)’s stock price was down 0.2% on Tuesday . The stock traded as low as $14.17 and last traded at $14.24. 15,432 shares traded hands during 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 stock’s fifty day simple moving average is $14.15 and its 200-day simple moving average is $14.28.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

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

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

A number of institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 4th quarter worth approximately $30,000. Camelot Portfolios LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the fourth quarter valued at approximately $51,000. Fifth Third Bancorp bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the first quarter valued at approximately $79,000. Steward Partners Investment Advisory LLC increased its position in shares of Nuveen AMT-Free Municipal Value Fund by 57.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,614 shares of the company’s stock valued at $109,000 after acquiring an additional 2,769 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter valued at approximately $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.