1607 Capital Partners LLC Purchases 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 lifted its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,718,221 shares of the closed-end fund's stock after purchasing an additional 63,018 shares during the period. Nuveen Municipal Value Fund accounts for about 1.9% of 1607 Capital Partners LLC's holdings, making the stock its 12th biggest position. 1607 Capital Partners LLC owned approximately 1.31% of Nuveen Municipal Value Fund worth $23,839,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its position in shares of Nuveen Municipal Value Fund by 274.5% during the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock valued at $34,000 after purchasing an additional 2,836 shares in the last quarter. Dagco Inc. bought a new position in shares of Nuveen Municipal Value Fund during the first quarter valued at about $42,000. EQ Wealth Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund during the first quarter valued at about $45,000. Flagship Wealth Advisors LLC lifted its position in shares of Nuveen Municipal Value Fund by 80.0% during the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund's stock valued at $49,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Private Trust Co. NA raised its position in Nuveen Municipal Value Fund by 109.4% in the first quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund's stock worth $50,000 after acquiring an additional 2,990 shares during the period. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Stock Down 0.1%

Shares of NUV stock opened at $8.68 on Tuesday. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.38 and a 52 week high of $9.15. The firm's 50-day simple moving average is $8.62 and its two-hundred day simple moving average is $8.64.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.0325 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a c) annualized dividend and a yield of 4.5%.

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.

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