Dynamic Financial Group Raises Stock Position in Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Dynamic Financial Group increased its holdings in Nuveen Municipal Value Fund by 47.5% in the second quarter, now owning 153,522 shares valued at approximately $1.3 million.
• Nuveen Municipal Value Fund declared a monthly dividend of $0.0325, representing a 4.3% annual yield, to be paid on November 3rd to investors recorded by October 15th.
• The stock's current price is $9.06, with a twelve-month low of $8.38 and a high of $9.15, indicating stable performance in recent months.

Dynamic Financial Group boosted its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 47.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 153,522 shares of the closed-end fund's stock after buying an additional 49,461 shares during the period. Nuveen Municipal Value Fund accounts for approximately 1.3% of Dynamic Financial Group's holdings, making the stock its 11th biggest position. Dynamic Financial Group owned about 0.07% of Nuveen Municipal Value Fund worth $1,334,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Flagship Wealth Advisors LLC grew 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. Narwhal Capital Management grew its position in shares of Nuveen Municipal Value Fund by 26.6% during the first quarter. Narwhal Capital Management now owns 12,725 shares of the closed-end fund's stock valued at $112,000 after purchasing an additional 2,675 shares in the last quarter. Tandem Financial LLC grew its position in shares of Nuveen Municipal Value Fund by 2.2% during the first quarter. Tandem Financial LLC now owns 130,915 shares of the closed-end fund's stock valued at $1,152,000 after purchasing an additional 2,818 shares in the last quarter. Farther Finance Advisors LLC grew 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. Finally, Seamount Financial Group Inc. grew its position in shares of Nuveen Municipal Value Fund by 4.7% during the second quarter. Seamount Financial Group Inc. now owns 62,799 shares of the closed-end fund's stock valued at $546,000 after purchasing an additional 2,837 shares in the last quarter. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Performance

Shares of Nuveen Municipal Value Fund stock opened at $9.06 on Monday. Nuveen Municipal Value Fund, Inc. has a twelve month low of $8.38 and a twelve month high of $9.15. The business has a 50-day moving average price of $8.80 and a 200-day moving average price of $8.67.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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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