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

Key Points

• Nuveen Municipal Value Fund, Inc. (NYSE:NUV) declared a monthly dividend of $0.03 per share, which translates to an annualized yield of 4.3%, with an ex-dividend date set for October 15th.
• The fund's stock price recently rose to $9.00, with a 52-week range between a low of $8.38 and a high of $9.15.
• Institutional investors have significantly increased their positions in the fund, with Farther Finance Advisors boosting its stake by 274.5% in the first quarter.

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) declared a monthly dividend on Wednesday, October 1st. Investors of record on Wednesday, October 15th will be given a dividend of 0.0325 per share by the closed-end fund on Monday, November 3rd. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 15th.

Nuveen Municipal Value Fund Stock Up 0.1%

Shares of NUV stock traded up $0.01 during trading on Thursday, hitting $9.00. The company had a trading volume of 112,410 shares, compared to its average volume of 466,857. The stock's 50-day moving average is $8.73 and its two-hundred day moving average is $8.66. Nuveen Municipal Value Fund has a 52 week low of $8.38 and a 52 week high of $9.15.

Institutional Trading of Nuveen Municipal Value Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its stake in Nuveen Municipal Value Fund by 274.5% in the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock worth $34,000 after buying an additional 2,836 shares in the last quarter. Private Trust Co. NA boosted its stake in Nuveen Municipal Value Fund by 109.4% in the first quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund's stock worth $50,000 after buying an additional 2,990 shares in the last quarter. Summit X LLC purchased a new stake in Nuveen Municipal Value Fund in the first quarter worth approximately $393,000. True North Advisors LLC purchased a new stake in Nuveen Municipal Value Fund in the first quarter worth approximately $4,480,000. Finally, Sowell Financial Services LLC purchased a new stake in Nuveen Municipal Value Fund in the first quarter worth approximately $94,000. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Company Profile

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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