International Assets Investment Management LLC grew its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 794.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 124,472 shares of the closed-end fund's stock after buying an additional 110,555 shares during the period. International Assets Investment Management LLC owned 0.06% of Nuveen Municipal Value Fund worth $1,070,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS Group AG grew its stake in shares of Nuveen Municipal Value Fund by 5.2% during the third quarter. UBS Group AG now owns 4,398,292 shares of the closed-end fund's stock worth $36,330,000 after purchasing an additional 219,299 shares during the period. 1607 Capital Partners LLC lifted its holdings in Nuveen Municipal Value Fund by 5.8% during the third quarter. 1607 Capital Partners LLC now owns 3,181,653 shares of the closed-end fund's stock worth $26,280,000 after acquiring an additional 174,184 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Nuveen Municipal Value Fund by 36.3% during the third quarter. Van ECK Associates Corp now owns 1,275,571 shares of the closed-end fund's stock worth $10,536,000 after acquiring an additional 339,999 shares in the last quarter. LPL Financial LLC lifted its holdings in Nuveen Municipal Value Fund by 6.4% during the third quarter. LPL Financial LLC now owns 1,018,508 shares of the closed-end fund's stock worth $8,413,000 after acquiring an additional 61,190 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Nuveen Municipal Value Fund by 11.8% during the third quarter. Stifel Financial Corp now owns 923,298 shares of the closed-end fund's stock worth $7,626,000 after acquiring an additional 97,507 shares in the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.
Nuveen Municipal Value Fund Stock Performance
NUV stock traded up $0.04 during midday trading on Tuesday, hitting $8.53. 488,530 shares of the company's stock were exchanged, compared to its average volume of 423,149. The stock's fifty day moving average price is $8.65 and its 200-day moving average price is $8.53. Nuveen Municipal Value Fund, Inc. has a one year low of $7.86 and a one year high of $8.93.
Nuveen Municipal Value Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.029 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.35 annualized dividend and a yield of 4.08%.
About Nuveen Municipal Value Fund
(
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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