Pettinga Financial Advisors LLC increased its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Free Report) by 38.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,157 shares of the closed-end fund after purchasing an additional 51,007 shares during the quarter. Pettinga Financial Advisors LLC owned 0.09% of Nuveen Municipal Value Fund worth $1,613,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their stock holdings. Janney Montgomery Scott LLC increased its position in Nuveen Municipal Value Fund by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 122,309 shares of the closed-end fund worth $1,052,000 after buying an additional 1,445 shares in the last quarter. Ancora Advisors LLC increased its holdings in shares of Nuveen Municipal Value Fund by 25.4% in the third quarter. Ancora Advisors LLC now owns 8,233 shares of the closed-end fund worth $68,000 after buying an additional 1,666 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Nuveen Municipal Value Fund by 14.0% in the first quarter. International Assets Investment Management LLC now owns 16,496 shares of the closed-end fund’s stock valued at $143,000 after purchasing an additional 2,023 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 0.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 618,073 shares of the closed-end fund’s stock valued at $5,383,000 after purchasing an additional 3,699 shares in the last quarter. Finally, Seelaus Asset Management LLC increased its holdings in shares of Nuveen Municipal Value Fund by 22.0% in the third quarter. Seelaus Asset Management LLC now owns 22,264 shares of the closed-end fund’s stock valued at $184,000 after purchasing an additional 4,014 shares in the last quarter. Institutional investors own 22.50% of the company’s stock.
Share performance of the Nuveen Municipal Value Fund
Nuveen Municipal Value Fund shares opened at $8.63 on Monday. The stock’s 50-day moving average is $8.54 and its 200-day moving average is $8.63. Nuveen Municipal Value Fund, Inc. has a one year low of $7.86 and a one year high of $8.93.
Dividend announcement for the Nuveen Municipal Value Fund
The company also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will receive a dividend of $0.029 per share, with the ex-dividend date being Friday, June 14th. This represents an annualized dividend of $0.35 and a yield of 4.03%.
Nuveen Municipal Value Fund Profile
(Free report)
Nuveen Municipal Value Fund, Inc. is a closed-end fixed income mutual fund established by Nuveen Investments, Inc. The fund is jointly 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 a portion of its portfolio in derivatives.
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