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 paid 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 is Friday, June 13th.
Nuveen Municipal Value Fund Trading Down 0.1%
Shares of NUV stock traded down $0.01 during trading hours on Friday, hitting $8.54. 269,492 shares of the company's stock were exchanged, compared to its average volume of 479,536. The firm has a 50 day moving average of $8.59 and a two-hundred day moving average of $8.70. Nuveen Municipal Value Fund has a fifty-two week low of $8.38 and a fifty-two week high of $9.15.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Focus Partners Wealth grew its holdings in Nuveen Municipal Value Fund by 101.2% in the 1st quarter. Focus Partners Wealth now owns 61,646 shares of the closed-end fund's stock valued at $541,000 after buying an additional 31,000 shares in the last quarter. Royal Bank of Canada grew its holdings in 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 valued at $4,468,000 after buying an additional 26,282 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Nuveen Municipal Value Fund in the 1st quarter valued at $111,000. 22.50% of the stock is owned by institutional investors and hedge funds.
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.
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