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) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 traded.

Nuveen AMT-Free Municipal Value Fund Stock Down 0.6%

The stock has a 50 day simple moving average of $14.19 and a two-hundred day simple moving average of $14.23.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Nuveen AMT-Free Municipal Value Fund by 12.5% during the first quarter. Royal Bank of Canada now owns 36,757 shares of the company’s stock worth $505,000 after buying an additional 4,073 shares during the period. Raymond James Financial Inc. raised its stake in Nuveen AMT-Free Municipal Value Fund by 5.6% during the 2nd quarter. Raymond James Financial Inc. now owns 304,383 shares of the company’s stock valued at $4,164,000 after acquiring an additional 16,235 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at approximately $164,000. Smartleaf Asset Management LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the 2nd quarter valued at approximately $1,693,000. Finally, Captrust Financial Advisors lifted its position in Nuveen AMT-Free Municipal Value Fund by 10.4% during the 2nd quarter. Captrust Financial Advisors now owns 222,471 shares of the company’s stock worth $3,043,000 after acquiring an additional 20,983 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.