Seven Mile Advisory Takes $5.56 Million Position in Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Seven Mile Advisory disclosed a new position of 619,473 shares in Nuveen Municipal Value Fund (NYSE: NUV), worth about $5.56 million, representing roughly 0.30% of the fund per its latest 13F filing.
• NUV declared a monthly dividend of $0.0325 payable on April 1 with a record (and ex-dividend) date of March 13, implying a dividend yield of about 4.3%.
• The fund is a closed-end vehicle investing in investment-grade municipal bonds to provide federally tax-exempt income, and its shares trade around $9.15 (1-year range: $8.38–$9.26).

Seven Mile Advisory acquired a new stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 619,473 shares of the closed-end fund's stock, valued at approximately $5,563,000. Seven Mile Advisory owned 0.30% of Nuveen Municipal Value Fund as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of NUV. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Nuveen Municipal Value Fund by 30.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,873 shares of the closed-end fund's stock valued at $60,000 after purchasing an additional 1,617 shares during the period. CWM LLC increased its holdings in Nuveen Municipal Value Fund by 38.3% during the 3rd quarter. CWM LLC now owns 11,270 shares of the closed-end fund's stock worth $101,000 after purchasing an additional 3,123 shares during the period. Essex Bank bought a new stake in Nuveen Municipal Value Fund during the 3rd quarter valued at $103,000. Lionsbridge Wealth Management LLC bought a new stake in Nuveen Municipal Value Fund during the 3rd quarter valued at $104,000. Finally, Jane Street Group LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter worth $101,000. Institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Down 0.7%

NYSE:NUV opened at $9.15 on Friday. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.38 and a 1-year high of $9.26. The company has a 50-day moving average of $9.15 and a 200 day moving average of $9.04.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $0.0325 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Municipal Value Fund Profile

The Nuveen Municipal Value Fund NYSE: NUV is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.

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