Nuveen Municipal Value Fund (NYSE:NUV) Reaches New 52-Week High - What's Next?

Key Points

• Nuveen Municipal Value Fund's share price reached a new **52-week high** at $9.10, with the last trading price at $9.07 and a volume of 24,391 shares traded.
• The fund announced a **monthly dividend** of $0.0325 per share, with an ex-dividend date of October 15th, resulting in an annualized yield of **4.3%**.
• A significant portion of the fund's shares, **22.50%**, is owned by institutional investors, indicating strong institutional interest in Nuveen Municipal Value Fund.

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - )'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $9.10 and last traded at $9.07, with a volume of 24391 shares traded. The stock had previously closed at $9.09.

Nuveen Municipal Value Fund Stock Down 0.3%

The business has a fifty day moving average price of $8.85 and a 200 day moving average price of $8.68.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

A number of institutional investors and hedge funds have recently modified their holdings of NUV. True North Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the first quarter worth $4,480,000. LPL Financial LLC grew its holdings in shares of 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 buying an additional 106,291 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Nuveen Municipal Value Fund by 25.7% during the second quarter. Rockefeller Capital Management L.P. now owns 491,082 shares of the closed-end fund's stock valued at $4,268,000 after buying an additional 100,273 shares in the last quarter. Congress Park Capital LLC grew its holdings in shares of Nuveen Municipal Value Fund by 17.2% during the third quarter. Congress Park Capital LLC now owns 646,632 shares of the closed-end fund's stock valued at $5,807,000 after buying an additional 95,000 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in shares of Nuveen Municipal Value Fund during the second quarter valued at $752,000. 22.50% of the stock is owned by institutional investors and hedge funds.

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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