Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Shares Up 0.3% – Here’s Why

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) shares rose 0.3% on Tuesday . The company traded as high as $14.41 and last traded at $14.39. Approximately 37,186 shares traded hands during trading, a decline of 15% from the average daily volume of 43,947 shares. The stock had previously closed at $14.35.

Nuveen AMT-Free Municipal Value Fund Trading Up 0.3%

The company has a 50-day moving average price of $14.28 and a 200-day moving average price of $13.97.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a $0.0485 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 4.0%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its holdings in Nuveen AMT-Free Municipal Value Fund by 12.5% in the first quarter. Royal Bank of Canada now owns 36,757 shares of the company’s stock worth $505,000 after purchasing an additional 4,073 shares during the period. 1607 Capital Partners LLC increased its stake in Nuveen AMT-Free Municipal Value Fund by 3.9% during the 1st quarter. 1607 Capital Partners LLC now owns 1,303,138 shares of the company’s stock valued at $17,905,000 after buying an additional 48,745 shares during the period. Wealth Management Associates Inc. bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the 1st quarter worth about $149,000. Breakwater Capital Group raised its position in shares of Nuveen AMT-Free Municipal Value Fund by 184.4% during the 2nd quarter. Breakwater Capital Group now owns 51,557 shares of the company’s stock worth $705,000 after buying an additional 33,428 shares in the last quarter. Finally, AHL Investment Management Inc. lifted its stake in shares of Nuveen AMT-Free Municipal Value Fund by 8.1% in the 2nd quarter. AHL Investment Management Inc. now owns 92,094 shares of the company’s stock worth $1,260,000 after acquiring an additional 6,890 shares during the period.

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.