Nuveen Municipal Value Fund (NYSE:NUV) Reaches New 52-Week High at $10.37

Nuveen Municipal Value Fund Inc (NYSE:NUV)’s stock price reached a new 52-week high on Monday . The stock traded as high as $10.37 and last traded at $10.37, with a volume of 4100 shares traded. The stock had previously closed at $10.28.

The firm has a 50 day moving average price of $10.18.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a dividend of $0.031 per share. This represents a $0.37 annualized dividend and a yield of 3.60%. The ex-dividend date is Wednesday, August 14th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Stevens First Principles Investment Advisors increased its position in Nuveen Municipal Value Fund by 5.6% during the first quarter. Stevens First Principles Investment Advisors now owns 561,503 shares of the closed-end fund’s stock worth $5,615,000 after purchasing an additional 29,900 shares during the last quarter. Raymond James & Associates increased its position in Nuveen Municipal Value Fund by 7.6% during the first quarter. Raymond James & Associates now owns 538,829 shares of the closed-end fund’s stock worth $5,388,000 after purchasing an additional 38,149 shares during the last quarter. Private Wealth Partners LLC acquired a new stake in Nuveen Municipal Value Fund during the first quarter worth about $4,667,000. Commonwealth Equity Services LLC increased its position in Nuveen Municipal Value Fund by 2.0% during the second quarter. Commonwealth Equity Services LLC now owns 425,228 shares of the closed-end fund’s stock worth $4,328,000 after purchasing an additional 8,300 shares during the last quarter. Finally, Bar Harbor Trust Services increased its position in Nuveen Municipal Value Fund by 1.3% during the second quarter. Bar Harbor Trust Services now owns 398,931 shares of the closed-end fund’s stock worth $4,061,000 after purchasing an additional 4,930 shares during the last quarter. Hedge funds and other institutional investors own 13.65% of the company’s stock.

About Nuveen Municipal Value Fund (NYSE:NUV)

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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