Nuveen AMT-Free Municipal Value Fund (NYSE:NUW) Stock Price Down 0.9% – Should You Sell?

Nuveen AMT-Free Municipal Value Fund (NYSE:NUW)’s stock price traded down 0.9% during mid-day trading on Tuesday . The company traded as low as $13.88 and last traded at $13.93. 29,944 shares changed hands during mid-day trading, a decline of 31% from the average session volume of 43,556 shares. The stock had previously closed at $14.05.

Nuveen AMT-Free Municipal Value Fund Trading Down 0.9 %

The company’s 50-day simple moving average is $13.81 and its 200 day simple moving average is $13.90.

Nuveen AMT-Free Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.0485 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen AMT-Free Municipal Value Fund

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Nuveen AMT-Free Municipal Value Fund in the fourth quarter worth about $3,941,000. 1607 Capital Partners LLC increased its position in Nuveen AMT-Free Municipal Value Fund by 28.0% in the 4th quarter. 1607 Capital Partners LLC now owns 1,254,393 shares of the company’s stock worth $17,035,000 after buying an additional 274,422 shares during the period. LPL Financial LLC lifted its holdings in shares of Nuveen AMT-Free Municipal Value Fund by 61.4% during the fourth quarter. LPL Financial LLC now owns 156,096 shares of the company’s stock worth $2,120,000 after buying an additional 59,385 shares during the last quarter. Dynamic Advisor Solutions LLC bought a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the fourth quarter valued at approximately $554,000. Finally, Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Nuveen AMT-Free Municipal Value Fund in the fourth quarter worth $452,000.

About Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Value Fund is a close-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in fixed income markets of the United States. The fund makes its investments in the securities of companies operating across diversified sectors.