Nomura Holdings Inc. acquired a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 31,952 shares of the closed-end fund valued at approximately $275,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS Group AG increased its holdings in Nuveen Municipal Value Fund by 27.5% in the 4th quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock valued at $48,221,000 after acquiring an additional 1,208,804 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in Nuveen Municipal Value Fund by 7.0% in the 4th quarter. 1607 Capital Partners LLC now owns 3,405,045 shares of the closed-end fund’s stock valued at $29,283,000 after acquiring an additional 223,392 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in Nuveen Municipal Value Fund by 39.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,762,966 shares of the closed-end fund’s stock valued at $15,514,000 after purchasing an additional 495,778 shares in the last quarter. Van ECK Associates Corp increased its stake in Nuveen Municipal Value Fund by 15.2% in the 4th quarter. Van ECK Associates Corp now owns 1,469,667 shares of the closed-end fund’s stock valued at $12,639,000 after purchasing an additional 194,096 shares in the last quarter. Finally, Granby Capital Management LLC increased its stake in Nuveen Municipal Value Fund by 23.8% in the 4th quarter. Granby Capital Management LLC now owns 1,300,000 shares of the closed-end fund’s stock valued at $11,180,000 after purchasing an additional 250,000 shares in the last quarter. 22.50% of the shares are owned by institutional investors and hedge funds.
Share performance of the Nuveen Municipal Value Fund
NUV stock opened at $8.54 on Friday. Nuveen Municipal Value Fund, Inc. has a 52-week low of $7.86 and a 52-week high of $8.93. The stock’s 50-day moving average is $8.53 and its 200-day moving average is $8.62.
Dividend announcement for the Nuveen Municipal Value Fund
The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given 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 4.07%.
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.
See also
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