Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Plans $0.05 Monthly Dividend

Nuveen AMT-Free Municipal Value Fund (NYSE:NUWGet Free Report) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be paid a dividend of 0.0485 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, May 15th.

Nuveen AMT-Free Municipal Value Fund Stock Performance

Shares of NYSE:NUW traded up $0.05 during midday trading on Wednesday, hitting $14.03. 11,516 shares of the stock traded hands, compared to its average volume of 38,238. Nuveen AMT-Free Municipal Value Fund has a one year low of $13.42 and a one year high of $14.70. The business’s 50 day moving average is $14.29 and its two-hundred day moving average is $14.32.

Institutional Trading of Nuveen AMT-Free Municipal Value Fund

Hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the 1st quarter worth about $79,000. Kestra Advisory Services LLC increased its stake in shares of 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 valued at $577,000 after purchasing an additional 1,593 shares in the last quarter. Stephens Inc. AR increased its stake in shares of 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 valued at $261,000 after purchasing an additional 1,000 shares in the last quarter. Breakwater Capital Group lifted its holdings in shares of 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 valued at $822,000 after purchasing an additional 6,036 shares during the last quarter. Finally, Redwood Family Wealth LLC bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 4th quarter worth approximately $215,000.

About Nuveen AMT-Free Municipal Value Fund

(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

Dividend History for Nuveen AMT-Free Municipal Value Fund (NYSE:NUW)

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