Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Passes Below 50 Day Moving Average – Should You Sell?

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 $14.20 and traded as low as $13.90. Nuveen AMT-Free Municipal Value Fund shares last traded at $13.9590, with a volume of 57,576 shares trading hands.

Nuveen AMT-Free Municipal Value Fund Stock Performance

The business’s 50 day simple moving average is $14.20 and its 200-day simple moving average is $14.27.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.0485 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC grew its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 57.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,614 shares of the company’s stock valued at $109,000 after purchasing an additional 2,769 shares during the last quarter. Bank of America Corp DE lifted its stake 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 purchasing an additional 1,409 shares during the last quarter. Breakwater Capital Group lifted its stake in Nuveen AMT-Free Municipal Value Fund by 10.2% in the 2nd quarter. Breakwater Capital Group now owns 63,205 shares of the company’s stock valued at $909,000 after purchasing an additional 5,834 shares during the last quarter. Fifth Third Bancorp acquired a new stake in Nuveen AMT-Free Municipal Value Fund in the first quarter valued at approximately $79,000. Finally, Kestra Advisory Services LLC grew its stake 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 buying an additional 1,593 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.