Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Declares Monthly Dividend of $0.03

Key Points

• Nuveen Municipal Value Fund, Inc. declared a monthly dividend of $0.03 per share, with an ex-dividend date of September 15th and payment scheduled for October 1st.
• The fund's annualized dividend yield stands at 4.5%, reflecting a stable income for investors in a closed-end fund.
• Several institutional investors raised their positions in the fund during recent quarters, indicating growing interest, with hedge funds and other institutions owning 22.50% of the company's stock.

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Investors of record on Monday, September 15th will be paid a dividend of 0.0325 per share by the closed-end fund on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, September 15th.

Nuveen Municipal Value Fund Trading Up 0.2%

Shares of NUV stock traded up $0.02 on Wednesday, reaching $8.70. The company's stock had a trading volume of 378,452 shares, compared to its average volume of 470,891. Nuveen Municipal Value Fund has a 12-month low of $8.38 and a 12-month high of $9.15. The stock's 50 day simple moving average is $8.62 and its 200-day simple moving average is $8.64.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. 1607 Capital Partners LLC raised its position in shares of Nuveen Municipal Value Fund by 2.4% in the first quarter. 1607 Capital Partners LLC now owns 2,718,221 shares of the closed-end fund's stock worth $23,839,000 after buying an additional 63,018 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in Nuveen Municipal Value Fund by 2.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 2,012,078 shares of the closed-end fund's stock valued at $17,646,000 after purchasing an additional 57,097 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal Value Fund by 27.2% during the first 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 in the last quarter. Guggenheim Capital LLC raised its position in Nuveen Municipal Value Fund by 2.8% during the second quarter. Guggenheim Capital LLC now owns 1,550,540 shares of the closed-end fund's stock valued at $13,474,000 after purchasing an additional 42,751 shares in the last quarter. Finally, LPL Financial LLC raised its position in Nuveen Municipal Value Fund by 10.1% during the first quarter. LPL Financial LLC now owns 1,154,702 shares of the closed-end fund's stock valued at $10,127,000 after purchasing an additional 106,291 shares in the last quarter. Hedge funds and other institutional investors own 22.50% of the company's stock.

About Nuveen Municipal Value Fund

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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