Nuveen AMT-Free Municipal Value Fund (NUW) to Issue Monthly Dividend of $0.05 on April 1st

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.0485 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, March 13th.

Nuveen AMT-Free Municipal Value Fund Trading Up 0.2%

NYSE NUW traded up $0.03 on Wednesday, hitting $14.40. The company’s stock had a trading volume of 7,874 shares, compared to its average volume of 32,791. Nuveen AMT-Free Municipal Value Fund has a 1-year low of $13.04 and a 1-year high of $14.62. The company’s 50-day moving average is $14.40 and its 200 day moving average is $14.23.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in Nuveen AMT-Free Municipal Value Fund by 12.5% during the 1st quarter. Royal Bank of Canada now owns 36,757 shares of the company’s stock valued at $505,000 after acquiring an additional 4,073 shares in the last quarter. Traub Capital Management LLC bought a new position in shares of Nuveen AMT-Free Municipal Value Fund during the second quarter valued at about $65,000. Thomas J. Herzfeld Advisors Inc. purchased a new position in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $704,000. Raymond James Financial Inc. grew its position in Nuveen AMT-Free Municipal Value Fund by 5.6% in the 2nd quarter. Raymond James Financial Inc. now owns 304,383 shares of the company’s stock worth $4,164,000 after purchasing an additional 16,235 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $164,000.

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.