Summit X LLC acquired a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 44,782 shares of the closed-end fund's stock, valued at approximately $393,000.
Other hedge funds have also recently made changes to their positions in the company. Flagship Wealth Advisors LLC bought a new stake in Nuveen Municipal Value Fund during the 4th quarter valued at $27,000. Farther Finance Advisors LLC raised its holdings in Nuveen Municipal Value Fund by 274.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock valued at $34,000 after buying an additional 2,836 shares during the last quarter. South Plains Financial Inc. bought a new stake in Nuveen Municipal Value Fund during the 4th quarter valued at $37,000. Hurley Capital LLC bought a new stake in Nuveen Municipal Value Fund during the 4th quarter valued at $44,000. Finally, EQ Wealth Advisors LLC bought a new position in Nuveen Municipal Value Fund in the 1st quarter worth $45,000. 22.50% of the stock is currently owned by institutional investors.
Nuveen Municipal Value Fund Stock Down 0.1%
NYSE NUV traded down $0.01 during trading on Friday, hitting $8.59. The company had a trading volume of 282,999 shares, compared to its average volume of 492,398. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.15. The company's fifty day moving average is $8.60 and its 200-day moving average is $8.67.
Nuveen Municipal Value Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Tuesday, July 15th.
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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