Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Trading Down 1.4% – Should You Sell?

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) fell 1.4% during trading on Thursday . The company traded as low as $13.96 and last traded at $13.9850. 138,171 shares changed hands during trading, an increase of 227% from the average daily volume of 42,198 shares. The stock had previously closed at $14.19.

Nuveen AMT-Free Municipal Value Fund Stock Down 1.4%

The stock has a 50 day moving average of $14.19 and a two-hundred day moving average of $14.29.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

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

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

Several large investors have recently modified their holdings of the company. Guggenheim Capital LLC grew its stake in 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 last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Nuveen AMT-Free Municipal Value Fund by 16.2% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 398,786 shares of the company’s stock worth $5,707,000 after acquiring an additional 55,579 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 8.0% during 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. Captrust Financial Advisors boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 10.0% during the fourth quarter. Captrust Financial Advisors now owns 270,456 shares of the company’s stock valued at $3,870,000 after acquiring an additional 24,666 shares during the period. Finally, LPL Financial LLC grew its position in shares of Nuveen AMT-Free Municipal Value Fund by 12.7% in the fourth quarter. LPL Financial LLC now owns 211,245 shares of the company’s stock valued at $3,023,000 after purchasing an additional 23,859 shares during the last quarter.

About Nuveen AMT-Free Municipal Value Fund

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.