Focus Partners Wealth purchased a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 30,646 shares of the closed-end fund's stock, valued at approximately $263,000.
Other hedge funds have also bought and sold shares of the company. Flagship Wealth Advisors LLC bought a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter worth about $27,000. South Plains Financial Inc. purchased a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $37,000. Hurley Capital LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $44,000. Barrett & Company Inc. boosted its position in shares of Nuveen Municipal Value Fund by 70.8% during the 4th quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund's stock valued at $73,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Narwhal Capital Management bought a new stake in Nuveen Municipal Value Fund in the fourth quarter worth $86,000. Hedge funds and other institutional investors own 22.50% of the company's stock.
Nuveen Municipal Value Fund Price Performance
Nuveen Municipal Value Fund stock traded down $0.02 during mid-day trading on Wednesday, reaching $8.54. 64,867 shares of the company's stock traded hands, compared to its average volume of 480,425. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.35 and a 12-month high of $9.15. The stock has a 50 day moving average of $8.63 and a two-hundred day moving average of $8.72.
Nuveen Municipal Value Fund Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a $0.0325 dividend. The ex-dividend date is Thursday, May 15th. This represents a $0.39 annualized dividend and a yield of 4.57%.
Nuveen Municipal Value Fund Company Profile
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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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