Kovitz Investment Group Partners LLC Purchases 57,097 Shares of Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Kovitz Investment Group Partners LLC increased its ownership in Nuveen Municipal Value Fund by 2.9%, acquiring an additional 57,097 shares in the first quarter, bringing its total holding to approximately 2,012,078 shares valued at $17.6 million.
• A range of other institutional investors also adjusted their positions, with Flagship Wealth Advisors LLC increasing its holdings by 80% and Wealthspire Advisors LLC by 104.8% during the same quarter.
• Nuveen Municipal Value Fund declared a monthly dividend of $0.0325 per share, with an annualized yield of 4.5%, payable on September 2nd to investors of record as of August 15th.

Kovitz Investment Group Partners LLC raised its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 2.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,012,078 shares of the closed-end fund's stock after acquiring an additional 57,097 shares during the period. Kovitz Investment Group Partners LLC owned about 0.97% of Nuveen Municipal Value Fund worth $17,646,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NUV. Farther Finance Advisors LLC boosted its stake in shares of 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 in the last quarter. South Plains Financial Inc. bought a new position in shares of Nuveen Municipal Value Fund during the fourth quarter valued at about $37,000. Dagco Inc. bought a new position in shares of Nuveen Municipal Value Fund during the first quarter valued at about $42,000. EQ Wealth Advisors LLC purchased a new position in shares of Nuveen Municipal Value Fund in the first quarter worth about $45,000. Finally, Flagship Wealth Advisors LLC lifted its stake in shares of Nuveen Municipal Value Fund by 80.0% in the 1st quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund's stock valued at $49,000 after acquiring an additional 2,500 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Trading Up 0.6%

NUV stock traded up $0.0550 during trading on Wednesday, hitting $8.6350. 475,336 shares of the company traded hands, compared to its average volume of 440,100. The company has a 50-day moving average of $8.61 and a 200-day moving average of $8.66. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.38 and a 1 year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid 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 of this dividend 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.