Kovitz Investment Group Partners LLC grew its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 69.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,954,981 shares of the closed-end fund's stock after buying an additional 800,998 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Nuveen Municipal Value Fund were worth $16,793,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in NUV. Rivernorth Capital Management LLC lifted its stake in Nuveen Municipal Value Fund by 9.1% in the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund's stock worth $66,935,000 after acquiring an additional 618,364 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the 3rd quarter worth $307,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Nuveen Municipal Value Fund by 74.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 72,020 shares of the closed-end fund's stock worth $652,000 after purchasing an additional 30,704 shares during the last quarter. Breakwater Capital Group grew its stake in shares of Nuveen Municipal Value Fund by 6.4% during the fourth quarter. Breakwater Capital Group now owns 121,589 shares of the closed-end fund's stock worth $1,044,000 after purchasing an additional 7,339 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in Nuveen Municipal Value Fund by 51.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund's stock valued at $11,634,000 after buying an additional 457,422 shares during the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.
Nuveen Municipal Value Fund Stock Up 0.3 %
NYSE NUV traded up $0.03 during trading on Thursday, reaching $8.70. 311,181 shares of the company's stock were exchanged, compared to its average volume of 473,165. The company has a 50 day moving average price of $8.69 and a two-hundred day moving average price of $8.77. Nuveen Municipal Value Fund, Inc. has a 1 year low of $5.00 and a 1 year high of $9.15.
Nuveen Municipal Value Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.49%. The ex-dividend date is Tuesday, April 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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