Tortoise Investment Management LLC Makes New $4.70 Million Investment in Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Tortoise Investment Management purchased 538,148 shares of Nuveen Municipal Value Fund, valued at approximately $4.70 million and representing about 0.26% of the fund.
• Other institutional investors also increased their positions, including Guggenheim Capital, Hennion & Walsh Asset Management, Wells Fargo, UBS, and Raymond James. Hedge funds and institutions collectively own 22.50% of NUV.
• NUV opened at $9.00, compared with 50-day and 200-day moving averages of $9.13. The fund declared a monthly dividend of $0.0325 per share, implying an annualized yield of approximately 4.3%.

Tortoise Investment Management LLC purchased a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 538,148 shares of the closed-end fund's stock, valued at approximately $4,703,000. Tortoise Investment Management LLC owned approximately 0.26% of Nuveen Municipal Value Fund at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS Group AG increased its position in Nuveen Municipal Value Fund by 2.0% during the 4th quarter. UBS Group AG now owns 7,181,215 shares of the closed-end fund's stock valued at $65,062,000 after buying an additional 143,742 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen Municipal Value Fund by 17.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund's stock worth $26,390,000 after acquiring an additional 422,222 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in Nuveen Municipal Value Fund by 41.7% in the fourth quarter. Guggenheim Capital LLC now owns 2,516,342 shares of the closed-end fund's stock worth $22,798,000 after acquiring an additional 741,089 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Nuveen Municipal Value Fund by 14.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,164,243 shares of the closed-end fund's stock worth $19,608,000 after acquiring an additional 279,066 shares during the last quarter. Finally, Raymond James Financial Inc. grew its stake in shares of Nuveen Municipal Value Fund by 19.0% during the third quarter. Raymond James Financial Inc. now owns 2,107,720 shares of the closed-end fund's stock worth $18,927,000 after acquiring an additional 336,397 shares during the last quarter. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Performance

NUV opened at $9.00 on Tuesday. The firm's 50-day moving average price is $9.13 and its 200-day moving average price is $9.13. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.55 and a 52-week high of $9.26.

Nuveen Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be paid a dividend of $0.0325 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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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