Whitaker Myers Wealth Managers LTD. Invests $411,000 in Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Whitaker Myers Wealth Managers LTD. invested approximately $411,000 in 47,337 shares of Nuveen Municipal Value Fund, Inc. during the second quarter.
• The Nuveen Municipal Value Fund recently announced a monthly dividend of $0.0325, with an annualized dividend yield of 4.4%.
• Several other institutional investors have increased their stakes in Nuveen Municipal Value Fund, indicating strong interest with one firm boosting its position by 80% during the first quarter.

Whitaker Myers Wealth Managers LTD. bought 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 and Exchange Commission (SEC). The fund bought 47,337 shares of the closed-end fund's stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Flagship Wealth Advisors LLC increased its position in shares of Nuveen Municipal Value Fund by 80.0% during the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund's stock worth $49,000 after acquiring an additional 2,500 shares during the last quarter. Narwhal Capital Management increased its position in shares of Nuveen Municipal Value Fund by 26.6% in the 1st quarter. Narwhal Capital Management now owns 12,725 shares of the closed-end fund's stock worth $112,000 after purchasing an additional 2,675 shares during the last quarter. Tandem Financial LLC increased its position in shares of Nuveen Municipal Value Fund by 2.2% in the 1st quarter. Tandem Financial LLC now owns 130,915 shares of the closed-end fund's stock worth $1,152,000 after purchasing an additional 2,818 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Nuveen Municipal Value Fund by 274.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock worth $34,000 after purchasing an additional 2,836 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Nuveen Municipal Value Fund by 109.4% in the 1st quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund's stock worth $50,000 after purchasing an additional 2,990 shares during the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

NUV opened at $8.91 on Friday. The company has a 50-day moving average of $8.64 and a 200-day moving average of $8.64. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.38 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $0.0325 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.4%.

Nuveen Municipal Value Fund Company 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.

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