Whitaker Myers Wealth Managers LTD. acquired a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 47,337 shares of the closed-end fund's stock, valued at approximately $411,000.
Several other hedge funds also recently modified their holdings of NUV. Farther Finance Advisors LLC raised its stake in shares of Nuveen Municipal Value Fund by 274.5% during the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock worth $34,000 after buying an additional 2,836 shares during the last quarter. Private Trust Co. NA grew its holdings in Nuveen Municipal Value Fund by 109.4% during the 1st quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund's stock worth $50,000 after acquiring an additional 2,990 shares during the period. Summit X LLC bought a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter valued at $393,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nuveen Municipal Value Fund by 27.2% in the 1st 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 period. Finally, True North Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the 1st quarter worth $4,480,000. Institutional investors own 22.50% of the company's stock.
Nuveen Municipal Value Fund Stock Down 0.3%
Shares of Nuveen Municipal Value Fund stock traded down $0.03 during trading on Friday, reaching $8.95. 219,166 shares of the company were exchanged, compared to its average volume of 468,675. The business has a 50-day moving average price of $8.66 and a 200-day moving average price of $8.64. Nuveen Municipal Value Fund, Inc. has a twelve month low of $8.38 and a twelve month high of $9.15.
Nuveen Municipal Value Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th will be issued a $0.0325 dividend. The ex-dividend date is Monday, September 15th. This represents a c) annualized dividend and a yield of 4.4%.
Nuveen Municipal Value Fund Company 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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