Nuveen AMT-Free Municipal Value Fund to Issue Monthly Dividend of $0.05 (NYSE:NUW)

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.0485 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, September 15th.

Nuveen AMT-Free Municipal Value Fund Price Performance

Shares of Nuveen AMT-Free Municipal Value Fund stock traded down $0.05 during midday trading on Wednesday, reaching $13.92. The company had a trading volume of 4,604 shares, compared to its average volume of 42,351. Nuveen AMT-Free Municipal Value Fund has a fifty-two week low of $13.66 and a fifty-two week high of $14.70. The stock has a fifty day moving average price of $14.14 and a 200 day moving average price of $14.20.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

A number of institutional investors have recently bought and sold shares of the company. Tortoise Investment Management LLC acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth about $7,349,000. Bank of America Corp DE bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at about $2,412,000. Smartleaf Asset Management LLC bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at about $1,693,000. Rivernorth Capital Management LLC grew its stake in Nuveen AMT-Free Municipal Value Fund by 20.3% during the second quarter. Rivernorth Capital Management LLC now owns 504,767 shares of the company’s stock worth $7,259,000 after purchasing an additional 85,291 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Nuveen AMT-Free Municipal Value Fund during the second quarter worth approximately $1,144,000.

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.