Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Trading Up 0.3% – Still a Buy?

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) was up 0.3% on Tuesday . The stock traded as high as $14.41 and last traded at $14.39. Approximately 37,186 shares traded hands during trading, a decline of 15% from the average daily volume of 43,947 shares. The stock had previously closed at $14.35.

Nuveen AMT-Free Municipal Value Fund Trading Down 0.7%

The company has a fifty day moving average price of $14.28 and a 200-day moving average price of $13.97.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.0485 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 4.1%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC purchased a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the second quarter worth approximately $1,693,000. Jones Financial Companies Lllp grew its position in Nuveen AMT-Free Municipal Value Fund by 109.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 179,715 shares of the company’s stock valued at $2,518,000 after acquiring an additional 93,889 shares during the last quarter. Thomas J. Herzfeld Advisors Inc. purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the second quarter worth $704,000. 1607 Capital Partners LLC increased its stake in Nuveen AMT-Free Municipal Value Fund by 3.9% in the first quarter. 1607 Capital Partners LLC now owns 1,303,138 shares of the company’s stock worth $17,905,000 after purchasing an additional 48,745 shares during the period. Finally, Midwest Financial Group LLC bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund during the third quarter worth $643,000.

About Nuveen AMT-Free Municipal Value Fund

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.