Nuveen Municipal Value Fund (NYSE:NUV) Hits New 1-Year Low - Should You Sell?

Key Points

• Nuveen Municipal Value Fund fell to a new 52-week low, trading as low as $8.48 and last changing hands near $8.495, below its 50-day and 200-day moving averages.
• The fund declared a monthly dividend of $0.0325 per share, payable October 1 to shareholders of record September 15, representing an annualized yield of approximately 4.6%.
• Institutional investors own 22.5% of NUV, with several firms modestly increasing their positions. The closed-end fund primarily invests in municipal securities designed to generate federally tax-exempt income.

Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The company traded as low as $8.48 and last traded at $8.4950, with a volume of 63700 shares changing hands. The stock had previously closed at $8.66.

Nuveen Municipal Value Fund Trading Down 0.5%

The firm's fifty day moving average price is $8.97 and its two-hundred day moving average price is $9.07.

Nuveen Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0325 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Trading of Nuveen Municipal Value Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Roman Butler Fullerton & Co. raised its stake in Nuveen Municipal Value Fund by 0.5% during the first quarter. Roman Butler Fullerton & Co. now owns 251,547 shares of the closed-end fund's stock valued at $2,314,000 after purchasing an additional 1,182 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of Nuveen Municipal Value Fund by 1.8% during the first quarter. Hilltop Holdings Inc. now owns 70,598 shares of the closed-end fund's stock valued at $635,000 after buying an additional 1,241 shares during the last quarter. Baird Financial Group Inc. increased its stake in Nuveen Municipal Value Fund by 0.6% in the second quarter. Baird Financial Group Inc. now owns 221,506 shares of the closed-end fund's stock worth $2,042,000 after purchasing an additional 1,340 shares during the period. Prospera Financial Services Inc increased its stake in Nuveen Municipal Value Fund by 0.3% in the 4th quarter. Prospera Financial Services Inc now owns 475,589 shares of the closed-end fund's stock worth $4,309,000 after buying an additional 1,379 shares during the period. Finally, Lido Advisors LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 9.4% in the first quarter. Lido Advisors LLC now owns 16,793 shares of the closed-end fund's stock valued at $151,000 after purchasing an additional 1,438 shares during the period. Institutional investors own 22.50% of the company's stock.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund NYSE: NUV is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.

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