Dynamic Financial Group Acquires 85,226 Shares of Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Dynamic Financial Group significantly increased its holdings in Nuveen Municipal Value Fund by 452.5%, now owning 104,061 shares after purchasing an additional 85,226 shares in the first quarter.
• Nuveen Municipal Value Fund recently declared a monthly dividend of $0.0325, resulting in a 4.5% annualized dividend yield, with the payment set for September 2nd.
• Shares of Nuveen Municipal Value Fund are currently priced at $8.59, with a one-year low of $8.38 and a high of $9.15.

Dynamic Financial Group increased its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 452.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,061 shares of the closed-end fund's stock after buying an additional 85,226 shares during the period. Nuveen Municipal Value Fund accounts for 0.9% of Dynamic Financial Group's portfolio, making the stock its 14th largest holding. Dynamic Financial Group owned 0.05% of Nuveen Municipal Value Fund worth $913,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Nuveen Municipal Value Fund by 274.5% during the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock worth $34,000 after purchasing an additional 2,836 shares during the period. South Plains Financial Inc. bought a new stake in Nuveen Municipal Value Fund during the fourth quarter worth approximately $37,000. Dagco Inc. bought a new stake in Nuveen Municipal Value Fund during the first quarter worth approximately $42,000. EQ Wealth Advisors LLC bought a new stake in Nuveen Municipal Value Fund during the first quarter worth approximately $45,000. Finally, Flagship Wealth Advisors LLC boosted its position in shares of Nuveen Municipal Value Fund by 80.0% in the first 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 period. Institutional investors and hedge funds own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Down 0.2%

Shares of NUV traded down $0.0150 during mid-day trading on Thursday, hitting $8.6250. The company's stock had a trading volume of 244,427 shares, compared to its average volume of 469,257. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.15. The stock's 50-day moving average is $8.61 and its two-hundred day moving average is $8.66.

Nuveen Municipal Value Fund Announces Dividend

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