International Assets Investment Management LLC increased its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Free Report) by 14.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,496 shares of the closed-end fund after purchasing an additional 2,023 shares during the period. International Assets Investment Management LLC’s holdings in Nuveen Municipal Value Fund were worth $143,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their holdings in the company. Sound Income Strategies LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at about $35,000. Ancora Advisors LLC increased its holdings in shares of Nuveen Municipal Value Fund by 25.4% in the 3rd quarter. Ancora Advisors LLC now owns 8,233 shares of the closed-end fund valued at $68,000 after purchasing an additional 1,666 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at about $92,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at $96,000. Finally, King Luther Capital Management Corp acquired a new position in shares of Nuveen Municipal Value Fund during the fourth quarter worth $98,000. 22.50% of the shares are owned by institutional investors.
Nuveen Municipal Value Fund trades 0.2% lower
NUV stock opened at $8.57 on Friday. The company’s 50-day moving average is $8.54 and its 200-day moving average is $8.62. Nuveen Municipal Value Fund, Inc. has a twelve-month low of $7.86 and a twelve-month 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. This represents a dividend of $0.35 annualized and a yield of 4.06%. The ex-dividend date of this dividend is Friday, June 14th.
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
Get daily news and reviews on the Nuveen Municipal Value Fund – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nuveen Municipal Value Fund and related companies with MarketBeat.com’s FREE daily email newsletter.
