Nuveen AMT-Free Municipal Value Fund (NUW) to Issue Monthly Dividend of $0.05 on December 1st

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) declared a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.0485 per share on Tuesday, December 1st. This represents a $0.58 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen AMT-Free Municipal Value Fund Price Performance

NYSE:NUW opened at $13.76 on Wednesday. The stock has a 50-day simple moving average of $13.38 and a two-hundred day simple moving average of $14.01. Nuveen AMT-Free Municipal Value Fund has a 52-week low of $12.70 and a 52-week high of $14.70.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new stake in Nuveen AMT-Free Municipal Value Fund during the first quarter valued at about $79,000. Readystate Asset Management LP acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $180,000. Magnolia Capital Advisors LLC acquired a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $196,000. Stephens Inc. AR boosted 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 worth $261,000 after buying an additional 1,000 shares during the last quarter. Finally, 49 Wealth Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter worth about $399,000.

About Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Value Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol NUW. The fund seeks to provide current income exempt from regular federal income tax, with capital appreciation as a secondary objective. The fund invests primarily in municipal securities issued by states, cities, counties, and other public entities across the United States. Its portfolio may include bonds used to finance public infrastructure and services, such as schools, transportation systems, utilities, health care facilities, and other governmental or community projects.