Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Crosses Below 50-Day Moving Average – Here’s What Happened

Nuveen AMT-Free Municipal Value Fund (NYSE:NUWGet Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.19 and traded as low as $13.97. Nuveen AMT-Free Municipal Value Fund shares last traded at $13.99, with a volume of 27,797 shares traded.

Nuveen AMT-Free Municipal Value Fund Stock Performance

The business’s 50 day simple moving average is $14.19 and its two-hundred day simple moving average is $14.25.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tortoise Investment Management LLC purchased a new position in shares of Nuveen AMT-Free Municipal Value Fund during the 2nd quarter worth $7,349,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth $3,186,000. NewEdge Wealth LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth $1,462,000. Smartleaf Asset Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth $1,693,000. Finally, Sanctuary Advisors LLC bought a new position in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter worth $1,144,000.

Nuveen AMT-Free Municipal Value Fund Company Profile

(Get Free Report)

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.

Further Reading

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.