Nuveen Municipal Value Fund, Inc. $NUV Shares Purchased by Congress Park Capital LLC

Key Points

• Congress Park Capital LLC increased its holdings in the Nuveen Municipal Value Fund by 9.7%, owning a total of 551,632 shares valued at approximately $4.79 million.
• The Nuveen Municipal Value Fund recently declared a monthly dividend of $0.0325 per share, with an annualized yield of 4.3%, set for payment on October 1st.
• Institutional investors collectively own 22.50% of the Nuveen Municipal Value Fund's stock, indicating significant interest and investment by large financial entities.

Congress Park Capital LLC grew its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 9.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 551,632 shares of the closed-end fund's stock after purchasing an additional 48,750 shares during the quarter. Nuveen Municipal Value Fund makes up about 1.6% of Congress Park Capital LLC's portfolio, making the stock its 21st biggest holding. Congress Park Capital LLC owned 0.27% of Nuveen Municipal Value Fund worth $4,794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. 1607 Capital Partners LLC increased its holdings in shares of Nuveen Municipal Value Fund by 2.4% during the 1st quarter. 1607 Capital Partners LLC now owns 2,718,221 shares of the closed-end fund's stock valued at $23,839,000 after purchasing an additional 63,018 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Nuveen Municipal Value Fund by 2.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,012,078 shares of the closed-end fund's stock valued at $17,646,000 after purchasing an additional 57,097 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 27.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,722,971 shares of the closed-end fund's stock valued at $15,110,000 after purchasing an additional 368,559 shares in the last quarter. Guggenheim Capital LLC grew its stake in Nuveen Municipal Value Fund by 4.7% in the 1st quarter. Guggenheim Capital LLC now owns 1,507,789 shares of the closed-end fund's stock valued at $13,223,000 after acquiring an additional 68,307 shares during the period. Finally, LPL Financial LLC grew its stake in Nuveen Municipal Value Fund by 10.1% in the 1st quarter. LPL Financial LLC now owns 1,154,702 shares of the closed-end fund's stock valued at $10,127,000 after acquiring an additional 106,291 shares during the period. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

Nuveen Municipal Value Fund stock traded up $0.03 during trading on Tuesday, reaching $8.99. The company had a trading volume of 429,213 shares, compared to its average volume of 469,022. The firm's 50-day simple moving average is $8.67 and its 200 day simple moving average is $8.64. 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 declared a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.