Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) declared a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, July 15th will be given a dividend of 0.0325 per share by the closed-end fund on Friday, August 1st. This represents a $0.39 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Tuesday, July 15th.
Nuveen Municipal Value Fund Stock Down 0.1%
NUV stock traded down $0.01 during trading on Friday, hitting $8.74. 308,940 shares of the company's stock traded hands, compared to its average volume of 488,022. Nuveen Municipal Value Fund has a 52 week low of $8.38 and a 52 week high of $9.15. The stock has a fifty day moving average price of $8.60 and a two-hundred day moving average price of $8.67.
Institutional Investors Weigh In On Nuveen Municipal Value Fund
A number of institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. bought a new position in Nuveen Municipal Value Fund in the first quarter worth about $111,000. Focus Partners Wealth raised its position in shares of Nuveen Municipal Value Fund by 101.2% during the 1st quarter. Focus Partners Wealth now owns 61,646 shares of the closed-end fund's stock worth $541,000 after purchasing an additional 31,000 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Nuveen Municipal Value Fund by 5.4% during the 1st quarter. Royal Bank of Canada now owns 509,410 shares of the closed-end fund's stock worth $4,468,000 after purchasing an additional 26,282 shares during the period. Institutional investors own 22.50% of the company's stock.
About Nuveen Municipal Value Fund
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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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