Nuveen AMT-Free Municipal Value Fund (NYSE:NUW – Get Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 8,353 shares, a decline of 59.0% from the April 15th total of 20,361 shares. Based on an average daily volume of 33,324 shares, the days-to-cover ratio is presently 0.3 days.
Institutional Trading of Nuveen AMT-Free Municipal Value Fund
A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the first quarter worth $79,000. Kestra Advisory Services LLC boosted its position in Nuveen AMT-Free Municipal Value Fund by 4.1% during the first 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. Stephens Inc. AR boosted its position in Nuveen AMT-Free Municipal Value Fund by 5.8% during the first quarter. Stephens Inc. AR now owns 18,180 shares of the company’s stock worth $261,000 after purchasing an additional 1,000 shares in the last quarter. Breakwater Capital Group boosted its position in Nuveen AMT-Free Municipal Value Fund by 11.8% during the first quarter. Breakwater Capital Group now owns 57,371 shares of the company’s stock worth $822,000 after purchasing an additional 6,036 shares in the last quarter. Finally, Redwood Family Wealth LLC purchased a new stake in Nuveen AMT-Free Municipal Value Fund during the fourth quarter worth $215,000.
Nuveen AMT-Free Municipal Value Fund Stock Down 1.0%
NUW traded down $0.14 during trading on Friday, reaching $13.91. 39,593 shares of the stock were exchanged, compared to its average volume of 38,967. The business’s 50 day moving average price is $14.26 and its two-hundred day moving average price is $14.32. Nuveen AMT-Free Municipal Value Fund has a 1 year low of $13.42 and a 1 year high of $14.70.
Nuveen AMT-Free Municipal Value Fund Announces Dividend
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.
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