1607 Capital Partners LLC Buys 63,018 Shares of Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• 1607 Capital Partners LLC increased its holdings in Nuveen Municipal Value Fund by 2.4%, purchasing 63,018 additional shares, bringing its total ownership to approximately 2.7 million shares.
• Other institutional investors have also made significant moves, with Farther Finance Advisors LLC boosting its position by 274.5% and several others acquiring new positions during the first quarter.
• The Nuveen Municipal Value Fund recently announced a monthly dividend of $0.0325, translating to an annual yield of 4.5%, with the ex-dividend date set for August 15th.

1607 Capital Partners LLC raised its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,718,221 shares of the closed-end fund's stock after buying an additional 63,018 shares during the period. Nuveen Municipal Value Fund comprises approximately 1.9% of 1607 Capital Partners LLC's portfolio, making the stock its 12th largest position. 1607 Capital Partners LLC owned about 1.31% of Nuveen Municipal Value Fund worth $23,839,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. True North Advisors LLC bought a new stake in shares of Nuveen Municipal Value Fund in the 1st quarter valued at about $4,480,000. Hennion & Walsh Asset Management Inc. increased its stake in Nuveen Municipal Value Fund by 27.2% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,722,971 shares of the closed-end fund's stock worth $15,110,000 after purchasing an additional 368,559 shares during the period. LPL Financial LLC lifted its position in Nuveen Municipal Value Fund by 10.1% in the first quarter. LPL Financial LLC now owns 1,154,702 shares of the closed-end fund's stock valued at $10,127,000 after purchasing an additional 106,291 shares during the last quarter. Dynamic Financial Group boosted its stake in shares of Nuveen Municipal Value Fund by 452.5% during the first quarter. Dynamic Financial Group now owns 104,061 shares of the closed-end fund's stock valued at $913,000 after purchasing an additional 85,226 shares during the period. Finally, Guggenheim Capital LLC boosted its stake in shares of Nuveen Municipal Value Fund by 4.7% during the first quarter. Guggenheim Capital LLC now owns 1,507,789 shares of the closed-end fund's stock valued at $13,223,000 after purchasing an additional 68,307 shares during the period. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Up 0.5%

Shares of Nuveen Municipal Value Fund stock traded up $0.05 on Friday, hitting $8.77. The stock had a trading volume of 550,240 shares, compared to its average volume of 447,249. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.15. The stock's 50-day simple moving average is $8.63 and its two-hundred day simple moving average is $8.64.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be given a $0.0325 dividend. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund, Inc is a closed-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 the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.