Guggenheim Capital LLC Increases Stake in Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Guggenheim Capital LLC increased its stake in Nuveen Municipal Value Fund by 4.7%, acquiring an additional 68,307 shares, bringing total holdings to 1,507,789 shares valued at approximately $13.2 million.
• Other hedge funds also adjusted their positions, with Dynamic Financial Group notably boosting its stake by 452.5%, increasing its holdings to 104,061 shares worth $913,000.
• Nuveen Municipal Value Fund announced a monthly dividend of $0.0325, with an annualized yield of 4.5%, payable on September 2nd to stockholders of record as of August 15th.

Guggenheim Capital LLC raised its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,507,789 shares of the closed-end fund's stock after purchasing an additional 68,307 shares during the quarter. Guggenheim Capital LLC owned 0.73% of Nuveen Municipal Value Fund worth $13,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its stake in Nuveen Municipal Value Fund by 274.5% in the 1st 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 during the period. South Plains Financial Inc. bought a new position in shares of Nuveen Municipal Value Fund during the 4th quarter worth $37,000. Dagco Inc. bought a new position in shares of Nuveen Municipal Value Fund during the 1st quarter worth $42,000. EQ Wealth Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund during the 1st quarter worth $45,000. Finally, Flagship Wealth Advisors LLC grew its stake in shares of Nuveen Municipal Value Fund by 80.0% during the 1st quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund's stock worth $49,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Performance

NUV traded down $0.03 during trading on Tuesday, reaching $8.66. 193,516 shares of the company were exchanged, compared to its average volume of 470,253. The company's 50-day moving average is $8.62 and its two-hundred day moving average is $8.64. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.38 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.0325 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, August 15th.

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.