Nuveen Municipal Value Fund (NYSE:NUV) Shares Pass Below 200-Day Moving Average – Should You Sell?

Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.83 and traded as low as $8.56. Nuveen Municipal Value Fund shares last traded at $8.59, with a volume of 516,354 shares trading hands.

Nuveen Municipal Value Fund Price Performance

The stock has a 50-day moving average price of $8.77 and a two-hundred day moving average price of $8.83.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.54%.

Institutional Trading of Nuveen Municipal Value Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in Nuveen Municipal Value Fund during the 3rd quarter valued at $104,000. Janney Montgomery Scott LLC grew its stake in shares of Nuveen Municipal Value Fund by 6.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 164,283 shares of the closed-end fund’s stock valued at $1,482,000 after acquiring an additional 10,633 shares during the period. Private Advisor Group LLC increased its stake in shares of Nuveen Municipal Value Fund by 70.2% in the third quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock worth $180,000 after purchasing an additional 8,247 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Nuveen Municipal Value Fund during the third quarter valued at about $90,000. Finally, International Assets Investment Management LLC raised its stake in Nuveen Municipal Value Fund by 359.8% during the 3rd quarter. International Assets Investment Management LLC now owns 75,916 shares of the closed-end fund’s stock valued at $685,000 after purchasing an additional 59,405 shares during the period. Institutional investors own 22.50% of the company’s stock.

About Nuveen Municipal Value Fund

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.