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

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.

Nuveen AMT-Free Municipal Value Fund Price Performance

The business’s 50-day moving average is $14.19 and its two-hundred day moving average is $14.23.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.0485 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, August 14th.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tortoise Investment Management LLC purchased a new position in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $7,349,000. Rivernorth Capital Management LLC lifted its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 20.3% in the 2nd quarter. Rivernorth Capital Management LLC now owns 504,767 shares of the company’s stock valued at $7,259,000 after buying an additional 85,291 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 7.2% in the 4th quarter. Guggenheim Capital LLC now owns 464,909 shares of the company’s stock valued at $6,653,000 after buying an additional 31,049 shares during the period. Raymond James Financial Inc. lifted its holdings in Nuveen AMT-Free Municipal Value Fund by 8.0% in the third quarter. Raymond James Financial Inc. now owns 328,619 shares of the company’s stock valued at $4,660,000 after acquiring an additional 24,236 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Nuveen AMT-Free Municipal Value Fund in the second quarter valued at $3,186,000.

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.