Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Shares Cross Below Fifty Day Moving Average – Here’s Why

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) 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 changing hands.

Nuveen AMT-Free Municipal Value Fund Trading Up 0.1%

The stock’s fifty day moving average is $14.19 and its two-hundred day moving average is $14.25.

Nuveen AMT-Free Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a $0.0485 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Allworth Financial LP bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $296,000. Mystic Asset Management Inc. acquired a new stake in Nuveen AMT-Free Municipal Value Fund in the 2nd quarter valued at about $372,000. MSH Capital Advisors LLC bought a new position in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $330,000. Myecfo LLC bought a new position in Nuveen AMT-Free Municipal Value Fund during the second quarter worth about $586,000. Finally, NewEdge Wealth LLC acquired a new position in Nuveen AMT-Free Municipal Value Fund during the second quarter worth approximately $1,462,000.

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.