Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.0325 per share by the closed-end fund on Tuesday, July 1st. This represents a $0.39 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, June 13th.
Nuveen Municipal Value Fund Stock Performance
NUV traded down $0.04 during trading on Thursday, reaching $8.53. 292,836 shares of the company were exchanged, compared to its average volume of 480,365. The company's 50-day moving average is $8.60 and its two-hundred day moving average is $8.70. Nuveen Municipal Value Fund has a 12-month low of $8.38 and a 12-month high of $9.15.
Hedge Funds Weigh In On Nuveen Municipal Value Fund
A number of large investors have recently modified their holdings of NUV. Royal Bank of Canada grew its position in shares of Nuveen Municipal Value Fund by 5.4% in the 1st quarter. Royal Bank of Canada now owns 509,410 shares of the closed-end fund's stock worth $4,468,000 after buying an additional 26,282 shares during the last quarter. Focus Partners Wealth grew its stake in Nuveen Municipal Value Fund by 101.2% in the first 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, Goldman Sachs Group Inc. bought a new position in Nuveen Municipal Value Fund in the 1st quarter worth about $111,000. 22.50% of the stock is owned by hedge funds and other institutional investors.
About Nuveen Municipal Value Fund
(
Get 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.
Read More
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
