Nuveen Municipal Value Fund (NYSE:NUV) Reaches New 12-Month High at $10.48

Nuveen Municipal Value Fund Inc (NYSE:NUV) shares hit a new 52-week high on Monday . The company traded as high as $10.48 and last traded at $10.48, with a volume of 3099 shares trading hands. The stock had previously closed at $10.44.

The business’s 50-day moving average is $10.28 and its two-hundred day moving average is $9.99.

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be given a $0.031 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.37 dividend on an annualized basis and a yield of 3.54%.

A number of institutional investors and hedge funds have recently made changes to their positions in NUV. Prospera Financial Services Inc raised its holdings in shares of Nuveen Municipal Value Fund by 29.7% in the first quarter. Prospera Financial Services Inc now owns 13,232 shares of the closed-end fund’s stock valued at $132,000 after buying an additional 3,032 shares during the last quarter. Wedbush Securities Inc. raised its holdings in shares of Nuveen Municipal Value Fund by 14.7% in the first quarter. Wedbush Securities Inc. now owns 28,032 shares of the closed-end fund’s stock valued at $280,000 after buying an additional 3,601 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in shares of Nuveen Municipal Value Fund by 9.6% in the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 58,272 shares of the closed-end fund’s stock valued at $593,000 after buying an additional 5,107 shares during the last quarter. RDA Financial Network purchased a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at about $279,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at about $70,000. 13.62% of the stock is owned by hedge funds and other institutional investors.

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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