Nuveen Municipal Value Fund, Inc. $NUV Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 1,287,091 shares of Nuveen Municipal Value Fund during the second quarter, worth approximately $11.9 million and representing about 0.61% of the fund.
• Institutional investors and hedge funds own approximately 22.5% of NUV, with several firms increasing their positions recently.
• NUV traded at $8.18, near its 52-week low, while maintaining a monthly dividend of $0.0325 per share, equivalent to an annualized yield of approximately 4.8%.

Bank of America Corp DE purchased a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,287,091 shares of the closed-end fund's stock, valued at approximately $11,867,000. Bank of America Corp DE owned approximately 0.61% of Nuveen Municipal Value Fund at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Roman Butler Fullerton & Co. increased its holdings in shares of Nuveen Municipal Value Fund by 0.5% in the first quarter. Roman Butler Fullerton & Co. now owns 251,547 shares of the closed-end fund's stock valued at $2,314,000 after buying an additional 1,182 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in Nuveen Municipal Value Fund by 1.8% during the 1st quarter. Hilltop Holdings Inc. now owns 70,598 shares of the closed-end fund's stock worth $635,000 after buying an additional 1,241 shares during the period. Lido Advisors LLC lifted its stake in Nuveen Municipal Value Fund by 9.4% during the first quarter. Lido Advisors LLC now owns 16,793 shares of the closed-end fund's stock valued at $151,000 after buying an additional 1,438 shares in the last quarter. World Investment Advisors boosted its holdings in shares of Nuveen Municipal Value Fund by 3.3% in the first quarter. World Investment Advisors now owns 52,177 shares of the closed-end fund's stock worth $469,000 after buying an additional 1,654 shares during the period. Finally, Moors & Cabot Inc. increased its position in shares of Nuveen Municipal Value Fund by 7.9% in the fourth quarter. Moors & Cabot Inc. now owns 26,068 shares of the closed-end fund's stock worth $236,000 after acquiring an additional 1,900 shares in the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NUV stock opened at $8.18 on Friday. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.05 and a 52-week high of $9.26. The company's 50 day simple moving average is $8.88 and its 200-day simple moving average is $9.04.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Municipal Value Fund Profile

Nuveen Municipal Value Fund NYSE: NUV is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.

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