Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Trading 0.3% Higher – Should You Buy?

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) shares were up 0.3% during mid-day trading on Tuesday . The stock traded as high as $14.41 and last traded at $14.39. Approximately 37,186 shares traded hands during mid-day 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 Up 0.3%

The company’s fifty day simple moving average is $14.28 and its two-hundred day simple moving average is $13.97.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The company 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 $0.0485 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, December 15th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NUW. Royal Bank of Canada grew its position in shares of Nuveen AMT-Free Municipal Value Fund by 12.5% in the 1st quarter. Royal Bank of Canada now owns 36,757 shares of the company’s stock worth $505,000 after acquiring an additional 4,073 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 3.9% in the 1st quarter. 1607 Capital Partners LLC now owns 1,303,138 shares of the company’s stock worth $17,905,000 after acquiring an additional 48,745 shares during the period. Wealth Management Associates Inc. bought a new stake in Nuveen AMT-Free Municipal Value Fund in the 1st quarter valued at about $149,000. Breakwater Capital Group boosted its stake in Nuveen AMT-Free Municipal Value Fund by 184.4% during the 2nd quarter. Breakwater Capital Group now owns 51,557 shares of the company’s stock valued at $705,000 after purchasing an additional 33,428 shares during the period. Finally, AHL Investment Management Inc. grew its position in Nuveen AMT-Free Municipal Value Fund by 8.1% in the 2nd quarter. AHL Investment Management Inc. now owns 92,094 shares of the company’s stock worth $1,260,000 after purchasing an additional 6,890 shares during the last quarter.

Nuveen AMT-Free Municipal Value Fund Company Profile

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.