Johnson Financial Group Inc. lowered its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,500 shares of the closed-end fund's stock after selling 45,000 shares during the quarter. Johnson Financial Group Inc.'s holdings in Nuveen Municipal Value Fund were worth $640,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its holdings in shares of Nuveen Municipal Value Fund by 127.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 39,347 shares of the closed-end fund's stock valued at $338,000 after buying an additional 22,015 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 2.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 169,053 shares of the closed-end fund's stock valued at $1,452,000 after buying an additional 4,770 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Nuveen Municipal Value Fund in the fourth quarter valued at approximately $548,000. Oppenheimer & Co. Inc. boosted its holdings in shares of Nuveen Municipal Value Fund by 39.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 13,988 shares of the closed-end fund's stock valued at $120,000 after buying an additional 3,988 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 17.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 115,846 shares of the closed-end fund's stock valued at $995,000 after buying an additional 16,991 shares during the period. Institutional investors and hedge funds own 22.50% of the company's stock.
Nuveen Municipal Value Fund Stock Up 0.1 %
Shares of Nuveen Municipal Value Fund stock traded up $0.01 on Wednesday, hitting $8.68. The company had a trading volume of 642,315 shares, compared to its average volume of 473,807. Nuveen Municipal Value Fund, Inc. has a twelve month low of $8.35 and a twelve month high of $9.15. The stock has a 50-day moving average of $8.70 and a 200-day moving average of $8.77.
Nuveen Municipal Value Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Tuesday, April 15th.
About Nuveen Municipal Value Fund
(
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.
Further Reading
Before you consider Nuveen Municipal Value Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen Municipal Value Fund wasn't on the list.
While Nuveen Municipal Value Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
