Congress Park Capital LLC grew its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 13.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 502,882 shares of the closed-end fund's stock after purchasing an additional 60,000 shares during the quarter. Nuveen Municipal Value Fund makes up about 1.7% of Congress Park Capital LLC's holdings, making the stock its 19th biggest position. Congress Park Capital LLC's holdings in Nuveen Municipal Value Fund were worth $4,410,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NUV. Hennion & Walsh Asset Management Inc. increased its holdings in shares of 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 valued at $15,110,000 after acquiring an additional 368,559 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at $548,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Nuveen Municipal Value Fund by 17.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 115,846 shares of the closed-end fund's stock valued at $995,000 after acquiring an additional 16,991 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 39.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 13,988 shares of the closed-end fund's stock valued at $120,000 after acquiring an additional 3,988 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at $356,000. Institutional investors and hedge funds own 22.50% of the company's stock.
Nuveen Municipal Value Fund Stock Performance
Shares of Nuveen Municipal Value Fund stock traded up $0.07 during trading on Monday, reaching $8.59. The company's stock had a trading volume of 380,580 shares, compared to its average volume of 480,713. The company has a 50-day moving average price of $8.58 and a two-hundred day moving average price of $8.67. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $9.15.
Nuveen Municipal Value Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.54%.
About Nuveen Municipal Value Fund
(
Free Report)
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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