Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Nuveen AMT-Free Municipal Value Fund Price Performance

The stock’s 50 day moving average is $14.20 and its two-hundred day moving average is $14.27.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors 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 yield of 4.2%.

Hedge Funds Weigh In On Nuveen AMT-Free Municipal Value Fund

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC increased its position in Nuveen AMT-Free Municipal Value Fund by 1.1% during the 4th quarter. Sanctuary Advisors LLC now owns 74,695 shares of the company’s stock worth $1,069,000 after buying an additional 837 shares during the period. Stephens Inc. AR grew its stake in shares of Nuveen AMT-Free Municipal Value Fund by 5.8% in the first quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock valued at $261,000 after acquiring an additional 1,000 shares in the last quarter. Bank of America Corp DE increased its position in Nuveen AMT-Free Municipal Value Fund by 0.9% during the first quarter. Bank of America Corp DE now owns 155,713 shares of the company’s stock worth $2,231,000 after acquiring an additional 1,409 shares during the period. Kestra Advisory Services LLC raised its stake in Nuveen AMT-Free Municipal Value Fund by 4.1% in the 1st quarter. Kestra Advisory Services LLC now owns 40,247 shares of the company’s stock worth $577,000 after purchasing an additional 1,593 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth about $30,000.

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.