Hennion & Walsh Asset Management Inc. Buys 368,559 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Hennion & Walsh Asset Management Inc. grew its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 27.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,722,971 shares of the closed-end fund's stock after acquiring an additional 368,559 shares during the period. Nuveen Municipal Value Fund accounts for 0.7% of Hennion & Walsh Asset Management Inc.'s portfolio, making the stock its 17th largest holding. Hennion & Walsh Asset Management Inc.'s holdings in Nuveen Municipal Value Fund were worth $15,110,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Good Life Advisors LLC lifted its holdings in Nuveen Municipal Value Fund by 2.9% in the fourth quarter. Good Life Advisors LLC now owns 41,961 shares of the closed-end fund's stock valued at $360,000 after buying an additional 1,186 shares during the period. Mariner LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 2.5% in the fourth quarter. Mariner LLC now owns 56,910 shares of the closed-end fund's stock valued at $489,000 after buying an additional 1,390 shares during the period. Optimum Investment Advisors increased its holdings in Nuveen Municipal Value Fund by 3.0% during the 4th quarter. Optimum Investment Advisors now owns 51,200 shares of the closed-end fund's stock worth $440,000 after purchasing an additional 1,500 shares in the last quarter. Roman Butler Fullerton & Co. grew its holdings in shares of Nuveen Municipal Value Fund by 1.1% during the fourth quarter. Roman Butler Fullerton & Co. now owns 175,887 shares of the closed-end fund's stock worth $1,537,000 after buying an additional 1,910 shares in the last quarter. Finally, Moloney Securities Asset Management LLC boosted its position in Nuveen Municipal Value Fund by 10.2% during the 4th quarter. Moloney Securities Asset Management LLC now owns 22,039 shares of the closed-end fund's stock worth $189,000 after acquiring an additional 2,039 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Down 0.2%

Nuveen Municipal Value Fund stock traded down $0.02 during mid-day trading on Wednesday, reaching $8.54. The company's stock had a trading volume of 435,365 shares, compared to its average volume of 481,064. The business's 50 day simple moving average is $8.61 and its 200 day simple moving average is $8.70. 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 Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, June 13th.

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.