152,594 Shares in Nuveen Municipal Value Fund, Inc. $NUV Bought by Tandem Financial LLC

Key Points

• Tandem Financial LLC purchased 152,594 shares of Nuveen Municipal Value Fund in the second quarter, worth approximately $1.41 million and representing 0.07% of NUV.
• Institutional investors own 22.5% of NUV, with several firms—including Royal Bank of Canada and Focus Partners Wealth—raising their holdings during the year.
• NUV shares opened at $8.95, near the lower end of their 52-week range, while the fund declared a monthly dividend of $0.0325 per share, equating to an annualized yield of approximately 4.4%.

Tandem Financial LLC purchased a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 152,594 shares of the closed-end fund's stock, valued at approximately $1,412,000. Nuveen Municipal Value Fund makes up about 0.4% of Tandem Financial LLC's investment portfolio, making the stock its 28th largest holding. Tandem Financial LLC owned 0.07% of Nuveen Municipal Value Fund as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Nuveen Municipal Value Fund by 5.4% during the first quarter. Royal Bank of Canada now owns 509,410 shares of the closed-end fund's stock valued at $4,468,000 after acquiring an additional 26,282 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in Nuveen Municipal Value Fund during the 1st quarter valued at $111,000. Focus Partners Wealth raised its holdings in Nuveen Municipal Value Fund by 101.2% during the first quarter. Focus Partners Wealth now owns 61,646 shares of the closed-end fund's stock worth $541,000 after buying an additional 31,000 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Nuveen Municipal Value Fund in the second quarter valued at $113,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Nuveen Municipal Value Fund by 30.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,873 shares of the closed-end fund's stock valued at $60,000 after buying an additional 1,617 shares during the last quarter. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Stock Down 0.3%

Shares of NYSE NUV opened at $8.95 on Tuesday. The firm's 50-day simple moving average is $9.11 and its 200 day simple moving average is $9.12. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.60 and a fifty-two week high of $9.26.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.0325 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Municipal Value Fund Company Profile

The Nuveen Municipal Value Fund NYSE: NUV is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.

Want to see what other hedge funds are holding NUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report).

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