Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report) announced a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.029 per share by the closed-end fund on Wednesday, May 1st. This represents a $0.35 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, April 12th.
Nuveen Municipal Value Fund Price Performance
NYSE:NUV traded down $0.04 on Wednesday, reaching $8.60. The stock had a trading volume of 607,495 shares, compared to its average volume of 428,814. Nuveen Municipal Value Fund has a 1-year low of $7.86 and a 1-year high of $9.08. The stock has a fifty day moving average price of $8.73 and a 200-day moving average price of $8.50.
Institutional Investors Weigh In On Nuveen Municipal Value Fund
A number of institutional investors and hedge funds have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Nuveen Municipal Value Fund by 3.0% in the third quarter. Mercer Global Advisors Inc. ADV now owns 45,080 shares of the closed-end fund's stock valued at $381,000 after buying an additional 1,310 shares during the period. Mariner LLC boosted its stake in Nuveen Municipal Value Fund by 6.7% in the 1st quarter. Mariner LLC now owns 22,054 shares of the closed-end fund's stock valued at $211,000 after purchasing an additional 1,381 shares during the period. Citigroup Inc. boosted its stake in Nuveen Municipal Value Fund by 98.7% in the 1st quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund's stock valued at $29,000 after purchasing an additional 1,481 shares during the period. Cetera Advisor Networks LLC boosted its stake in Nuveen Municipal Value Fund by 11.9% in the 2nd quarter. Cetera Advisor Networks LLC now owns 14,327 shares of the closed-end fund's stock valued at $125,000 after purchasing an additional 1,528 shares during the period. Finally, Citadel Advisors LLC boosted its stake in Nuveen Municipal Value Fund by 15.5% in the 2nd quarter. Citadel Advisors LLC now owns 13,544 shares of the closed-end fund's stock valued at $121,000 after purchasing an additional 1,813 shares during the period. 22.50% of the stock is owned by institutional investors.
Nuveen Municipal Value Fund Company Profile
(
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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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