Pettinga Financial Advisors LLC decreased its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,938 shares of the closed-end fund's stock after selling 67,062 shares during the quarter. Pettinga Financial Advisors LLC's holdings in Nuveen Municipal Value Fund were worth $309,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new position in Nuveen Municipal Value Fund in the fourth quarter valued at approximately $27,000. South Plains Financial Inc. bought a new position in Nuveen Municipal Value Fund during the fourth quarter worth $37,000. Hurley Capital LLC bought a new position in Nuveen Municipal Value Fund during the fourth quarter worth $44,000. Barrett & Company Inc. increased its stake in Nuveen Municipal Value Fund by 70.8% in the fourth quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund's stock valued at $73,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Elequin Capital LP bought a new stake in Nuveen Municipal Value Fund in the fourth quarter valued at $75,000. Institutional investors own 22.50% of the company's stock.
Nuveen Municipal Value Fund Price Performance
Shares of NYSE NUV traded down $0.05 during trading on Wednesday, hitting $8.51. 140,770 shares of the company traded hands, compared to its average volume of 480,730. The business's fifty day moving average is $8.63 and its 200 day moving average is $8.72. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $9.15.
Nuveen Municipal Value Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.39 annualized dividend and a yield of 4.59%.
About Nuveen Municipal Value Fund
(
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.
Featured Articles
Before you consider Nuveen Municipal Value Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Municipal Value Fund wasn't on the list.
While Nuveen Municipal Value Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
