Roman Butler Fullerton & Co. lifted its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 26.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 222,242 shares of the closed-end fund's stock after buying an additional 46,355 shares during the period. Nuveen Municipal Value Fund accounts for approximately 0.7% of Roman Butler Fullerton & Co.'s portfolio, making the stock its 28th largest holding. Roman Butler Fullerton & Co.'s holdings in Nuveen Municipal Value Fund were worth $1,898,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nuveen Municipal Value Fund by 27.2% during the first 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 buying an additional 368,559 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Nuveen Municipal Value Fund during the fourth quarter valued at approximately $548,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Nuveen Municipal Value Fund by 17.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 115,846 shares of the closed-end fund's stock valued at $995,000 after buying an additional 16,991 shares during the period. Oppenheimer & Co. Inc. lifted its stake in shares of Nuveen Municipal Value Fund by 39.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 13,988 shares of the closed-end fund's stock valued at $120,000 after buying an additional 3,988 shares during the period. Finally, Nomura Holdings Inc. purchased a new position in shares of Nuveen Municipal Value Fund during the fourth quarter valued at approximately $356,000. Hedge funds and other institutional investors own 22.50% of the company's stock.
Nuveen Municipal Value Fund Stock Performance
Shares of NUV traded down $0.03 on Friday, hitting $8.53. 366,541 shares of the stock traded hands, compared to its average volume of 481,115. The stock's 50 day moving average is $8.58 and its two-hundred day moving average is $8.68. 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 Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Friday, June 13th.
Nuveen Municipal Value Fund Profile
(
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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