Summit X LLC Makes New $393,000 Investment in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Summit X LLC acquired a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 44,782 shares of the closed-end fund's stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. 1607 Capital Partners LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 24.8% during the fourth quarter. 1607 Capital Partners LLC now owns 2,655,203 shares of the closed-end fund's stock valued at $22,808,000 after purchasing an additional 526,883 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Nuveen Municipal Value Fund during the fourth quarter valued at approximately $19,874,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 69.4% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,954,981 shares of the closed-end fund's stock valued at $16,793,000 after purchasing an additional 800,998 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings 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 purchasing an additional 368,559 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Nuveen Municipal Value Fund by 2.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,324,935 shares of the closed-end fund's stock valued at $11,381,000 after purchasing an additional 26,623 shares during the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NUV stock traded down $0.01 during trading hours on Friday, hitting $8.59. 282,999 shares of the company's stock traded hands, compared to its average volume of 490,909. The stock's fifty day simple moving average is $8.60 and its two-hundred day simple moving average is $8.67. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.38 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Tuesday, July 15th.

Nuveen Municipal Value Fund 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.