Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) passed below its 50 day moving average during trading on Tuesday . 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 $13.99, with a volume of 27,797 shares changing hands.

Nuveen AMT-Free Municipal Value Fund Stock Up 0.1%

The stock’s 50-day moving average price is $14.19 and its 200 day moving average price is $14.25.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

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

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Value Fund

Large investors have recently modified their holdings of the business. Allworth Financial LP bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $296,000. Mystic Asset Management Inc. bought a new stake in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $372,000. MSH Capital Advisors LLC bought a new stake in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $330,000. Myecfo LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the second quarter valued at approximately $586,000. Finally, NewEdge Wealth LLC bought a new position in Nuveen AMT-Free Municipal Value Fund in the second quarter valued at approximately $1,462,000.

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.