LPL Financial LLC Acquires 106,291 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Key Points

• LPL Financial LLC increased its stake in Nuveen Municipal Value Fund, Inc. by 10.1%, resulting in ownership of over 1.15 million shares worth approximately $10.1 million.
• Recent investors also showed strong interest, with Cetera Investment Advisers and Venturi Wealth Management increasing their holdings by 13.3% and 29.9%, respectively.
• The Nuveen Municipal Value Fund announced a monthly dividend of $0.0325 per share with an associated annualized yield of 4.5%.

LPL Financial LLC increased its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 10.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,154,702 shares of the closed-end fund's stock after acquiring an additional 106,291 shares during the quarter. LPL Financial LLC owned about 0.56% of Nuveen Municipal Value Fund worth $10,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in Nuveen Municipal Value Fund by 13.3% in the first quarter. Cetera Investment Advisers now owns 88,042 shares of the closed-end fund's stock worth $772,000 after acquiring an additional 10,345 shares during the period. Venturi Wealth Management LLC lifted its position in Nuveen Municipal Value Fund by 29.9% during the first quarter. Venturi Wealth Management LLC now owns 92,582 shares of the closed-end fund's stock valued at $812,000 after buying an additional 21,323 shares during the period. Kestra Private Wealth Services LLC lifted its position in Nuveen Municipal Value Fund by 22.1% during the first quarter. Kestra Private Wealth Services LLC now owns 92,415 shares of the closed-end fund's stock valued at $810,000 after buying an additional 16,757 shares during the period. Summit X LLC purchased a new position in Nuveen Municipal Value Fund during the first quarter valued at $393,000. Finally, Accredited Investor Services LLC lifted its position in Nuveen Municipal Value Fund by 3.4% during the first quarter. Accredited Investor Services LLC now owns 105,300 shares of the closed-end fund's stock valued at $923,000 after buying an additional 3,431 shares during the period. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Performance

Nuveen Municipal Value Fund stock traded up $0.02 on Tuesday, hitting $8.66. 533,626 shares of the stock traded hands, compared to its average volume of 470,210. The business's fifty day simple moving average is $8.60 and its 200 day simple moving average is $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 Dividend Announcement

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

Nuveen Municipal Value Fund 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.