Nuveen AMT-Free Municipal Value Fund (NYSE:NUW – Get Free Report) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.0485 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, August 14th.
Nuveen AMT-Free Municipal Value Fund Trading Down 0.3%
NUW opened at $13.93 on Tuesday. Nuveen AMT-Free Municipal Value Fund has a 1-year low of $13.50 and a 1-year high of $14.70. The company has a 50 day simple moving average of $14.20 and a two-hundred day simple moving average of $14.27.
Hedge Funds Weigh In On Nuveen AMT-Free Municipal Value Fund
A number of institutional investors have recently modified their holdings of the stock. Guggenheim Capital LLC boosted its stake in Nuveen AMT-Free Municipal Value Fund by 7.2% in the fourth quarter. Guggenheim Capital LLC now owns 464,909 shares of the company’s stock valued at $6,653,000 after acquiring an additional 31,049 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Nuveen AMT-Free Municipal Value Fund by 8.0% during the 3rd quarter. Raymond James Financial Inc. now owns 328,619 shares of the company’s stock valued at $4,660,000 after acquiring an additional 24,236 shares during the period. Captrust Financial Advisors raised its holdings in Nuveen AMT-Free Municipal Value Fund by 10.0% in the 4th quarter. Captrust Financial Advisors now owns 270,456 shares of the company’s stock worth $3,870,000 after purchasing an additional 24,666 shares during the period. LPL Financial LLC grew its position in shares of Nuveen AMT-Free Municipal Value Fund by 12.7% in the fourth quarter. LPL Financial LLC now owns 211,245 shares of the company’s stock valued at $3,023,000 after purchasing an additional 23,859 shares during the period. Finally, Bank of America Corp DE increased its position in shares of 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 purchasing an additional 1,409 shares in the last quarter.
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.
See Also
- Five stocks we like better than Nuveen AMT-Free Municipal Value Fund
- Jersey Mike’s Serves Fresh Gains After IPO Stumble
- 3 Drone Stocks That Should Soar After the Summer Slump
- Tyson Foods Offers a Meaty Opportunity for Income Investors
- SpaceX’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control
Receive News & Ratings for Nuveen AMT-Free Municipal Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen AMT-Free Municipal Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.
