Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Shares Down 0.9% – Time to Sell?

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW)’s share price was down 0.9% during trading on Tuesday . The stock traded as low as $13.88 and last traded at $13.93. Approximately 29,944 shares traded hands during trading, a decline of 31% from the average daily volume of 43,556 shares. The stock had previously closed at $14.05.

Nuveen AMT-Free Municipal Value Fund Price Performance

The business’s 50-day simple moving average is $13.81 and its 200 day simple moving average is $13.90.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0485 per share. This represents a $0.58 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, March 14th.

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

Large investors have recently made changes to their positions in the company. 1607 Capital Partners LLC boosted its stake in shares of Nuveen AMT-Free Municipal Value Fund by 28.0% during the fourth quarter. 1607 Capital Partners LLC now owns 1,254,393 shares of the company’s stock valued at $17,035,000 after purchasing an additional 274,422 shares during the period. Raymond James Financial Inc. purchased a new position in Nuveen AMT-Free Municipal Value Fund in the fourth quarter valued at about $3,941,000. Captrust Financial Advisors lifted its position in Nuveen AMT-Free Municipal Value Fund by 13.0% during the fourth quarter. Captrust Financial Advisors now owns 182,902 shares of the company’s stock valued at $2,484,000 after acquiring an additional 20,973 shares during the last quarter. LPL Financial LLC boosted its position in shares of Nuveen AMT-Free Municipal Value Fund by 61.4% in the 4th quarter. LPL Financial LLC now owns 156,096 shares of the company’s stock worth $2,120,000 after purchasing an additional 59,385 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Nuveen AMT-Free Municipal Value Fund by 4.8% in the fourth quarter. Van ECK Associates Corp now owns 136,207 shares of the company’s stock worth $1,850,000 after acquiring an additional 6,238 shares in the last quarter.

About Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Value Fund is a close-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in fixed income markets of the United States. The fund makes its investments in the securities of companies operating across diversified sectors.