1607 Capital Partners Trims Nuveen AMT-Free Muni Fund Stake to 5.01%

TL;DR

**1607 Capital Partners cut its stake in Nuveen AMT-Free Muni Fund to 5.01%.**

AI Summary

1607 Capital Partners, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in Nuveen AMT-Free Municipal Value Fund. As of December 31, 2023, 1607 Capital Partners beneficially owned 1,533,697 shares, representing 5.01% of the fund's Common Shares. This filing indicates a slight decrease in their reported stake from a previous filing, which could signal a shift in their investment strategy or a rebalancing of their portfolio, potentially impacting investor sentiment for Nuveen AMT-Free Municipal Value Fund.

Why It Matters

This filing shows that a significant institutional investor, 1607 Capital Partners, has slightly reduced its ownership in the Nuveen AMT-Free Municipal Value Fund, which could influence other investors' perceptions of the fund's value and future prospects.

Risk Assessment

Risk Level: low — The change in ownership is minor and does not suggest any immediate significant risk to the fund or its investors.

Analyst Insight

Investors should note the minor reduction in stake by 1607 Capital Partners, LLC, but given it's an amendment to a passive filing (13G), it likely reflects portfolio rebalancing rather than a bearish outlook. Monitor future 13G/A filings for any further significant changes in institutional ownership.

Key Numbers

• 1,533,697 — Shares Beneficially Owned (The total number of Common Shares of Nuveen AMT-Free Municipal Value Fund owned by 1607 Capital Partners, LLC as of December 31, 2023.)
• 5.01% — Percentage of Class (The percentage of Nuveen AMT-Free Municipal Value Fund's Common Shares beneficially owned by 1607 Capital Partners, LLC.)
• December 31, 2023 — Date of Event (The date on which the ownership stake was calculated for this filing.)
• February 8, 2024 — Filing Date (The date this SC 13G/A amendment was filed with the SEC.)
• $0.01 — Par Value per Share (The stated par value of the Common Shares of Nuveen AMT-Free Municipal Value Fund.)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person and institutional investor
• Nuveen AMT-Free Municipal Value Fund (company) — the issuer of the securities
• Delaware (company) — place of organization for 1607 Capital Partners, LLC
• Chicago, IL (company) — business address for Nuveen AMT-Free Municipal Value Fund
• Richmond, VA (company) — business address for 1607 Capital Partners, LLC

Forward-Looking Statements

• 1607 Capital Partners, LLC will continue to hold a significant, but non-controlling, stake in Nuveen AMT-Free Municipal Value Fund. (1607 Capital Partners, LLC) — medium confidence, target: December 31, 2024
• The slight reduction in ownership by 1607 Capital Partners, LLC will not significantly impact the stock price of Nuveen AMT-Free Municipal Value Fund in the short term. (Nuveen AMT-Free Municipal Value Fund) — high confidence, target: May 31, 2024

FAQ

Key Financial Figures

• $0.01 — und (Name of Issuer) Common Shares, $0.01 par value per share (Title of Class o

Filing Documents

• nuw-123123a3.htm (SC 13G/A) — 51KB
• 0001172661-24-000576.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Nuveen AMT-Free Municipal Value Fund (b)Address of Issuer’s Principal Executive Offices 333 West Wacker Drive Chicago, IL 60606

(a)Name of Person Filing

Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common Shares, $0.01 par value per share (e) CUSIP No.: 670695105 CUSIP No. 670695105 SCHEDULE 13G/A Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 670695105 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,533,697 (b) Percent of class: 8.5% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,533,697 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,533,697 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof

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View this SC 13G/A filing on SEC EDGAR