High Net Worth Advisory Group LLC Acquires 55,000 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

High Net Worth Advisory Group LLC raised its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 550.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,000 shares of the closed-end fund’s stock after purchasing an additional 55,000 shares during the quarter. High Net Worth Advisory Group LLC’s holdings in Nuveen Municipal Value Fund were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Private Trust Co. NA lifted its holdings in shares of Nuveen Municipal Value Fund by 35.7% in the 3rd quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after acquiring an additional 1,500 shares during the last quarter. CWM LLC increased its position in shares of Nuveen Municipal Value Fund by 204.5% during the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after purchasing an additional 6,347 shares during the last quarter. Radnor Capital Management LLC bought a new stake in Nuveen Municipal Value Fund in the third quarter worth $90,000. Oppenheimer & Co. Inc. purchased a new position in Nuveen Municipal Value Fund during the third quarter worth $90,000. Finally, Islay Capital Management LLC bought a new position in Nuveen Municipal Value Fund during the third quarter valued at $104,000. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

Nuveen Municipal Value Fund stock opened at $8.70 on Monday. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.35 and a 12-month high of $9.15. The firm has a 50-day moving average price of $8.72 and a 200-day moving average price of $8.84.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.49%.

Nuveen Municipal Value Fund Company Profile

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.