Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.07 and traded as low as $9.01. Nuveen Municipal Value Fund shares last traded at $9.0750, with a volume of 502,038 shares trading hands.
Nuveen Municipal Value Fund Stock Up 0.4%
The company's 50 day moving average price is $9.16 and its 200-day moving average price is $9.07.
Nuveen Municipal Value Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a dividend of $0.0325 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a yield of 4.3%.
Hedge Funds Weigh In On Nuveen Municipal Value Fund
Several hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its stake 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. Goldman Sachs Group Inc. purchased a new stake in shares of Nuveen Municipal Value Fund during the first quarter valued at approximately $111,000. Focus Partners Wealth lifted its holdings in Nuveen Municipal Value Fund by 101.2% during the first quarter. Focus Partners Wealth now owns 61,646 shares of the closed-end fund's stock worth $541,000 after acquiring an additional 31,000 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Nuveen Municipal Value Fund by 6.6% during the second quarter. Envestnet Asset Management Inc. now owns 32,544 shares of the closed-end fund's stock worth $283,000 after acquiring an additional 2,016 shares during the period. Finally, Cetera Investment Advisers boosted its position in Nuveen Municipal Value Fund by 25.9% in the second quarter. Cetera Investment Advisers now owns 110,887 shares of the closed-end fund's stock worth $964,000 after purchasing an additional 22,845 shares during the last quarter. Institutional investors own 22.50% of the company's stock.
About Nuveen Municipal Value Fund
(
Get Free Report)
The Nuveen Municipal Value Fund NYSE: NUV is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.
NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.
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