Nomura Holdings Inc. bought a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,400 shares of the closed-end fund's stock, valued at approximately $356,000.
Several other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Nuveen Municipal Value Fund during the 4th quarter worth $19,874,000. Kovitz Investment Group Partners LLC lifted its holdings in Nuveen Municipal Value Fund by 69.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,954,981 shares of the closed-end fund's stock valued at $16,793,000 after purchasing an additional 800,998 shares during the last quarter. Essential Planning LLC. bought a new position in Nuveen Municipal Value Fund during the fourth quarter worth about $4,691,000. 1607 Capital Partners LLC increased its stake in shares of Nuveen Municipal Value Fund by 24.8% in the fourth quarter. 1607 Capital Partners LLC now owns 2,655,203 shares of the closed-end fund's stock worth $22,808,000 after purchasing an additional 526,883 shares in the last quarter. Finally, Broyhill Asset Management purchased a new position in shares of Nuveen Municipal Value Fund in the fourth quarter worth about $4,327,000. 22.50% of the stock is currently owned by institutional investors.
Nuveen Municipal Value Fund Stock Performance
Shares of NUV stock traded down $0.04 during trading on Wednesday, reaching $8.52. 78,968 shares of the company's stock traded hands, compared to its average volume of 465,758. The firm's 50-day moving average is $8.63 and its 200 day moving average is $8.72. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.35 and a 1 year high of $9.15.
Nuveen Municipal Value Fund Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Thursday, May 15th.
Nuveen Municipal Value Fund 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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