Orca Wealth Management LLC Purchases New Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Orca Wealth Management LLC purchased a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUVFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,997 shares of the closed-end fund’s stock, valued at approximately $172,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. B. Riley Wealth Advisors Inc. bought a new position in shares of Nuveen Municipal Value Fund during the second quarter worth $358,000. Sanctuary Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund during the second quarter worth $753,000. CWM LLC boosted its position in shares of Nuveen Municipal Value Fund by 204.5% during the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after purchasing an additional 6,347 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Nuveen Municipal Value Fund by 24.9% during the third quarter. Koshinski Asset Management Inc. now owns 178,488 shares of the closed-end fund’s stock worth $1,610,000 after purchasing an additional 35,537 shares in the last quarter. Finally, Good Life Advisors LLC boosted its position in shares of Nuveen Municipal Value Fund by 5.5% during the third quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock worth $368,000 after purchasing an additional 2,135 shares in the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Down 0.2 %

NUV opened at $8.73 on Wednesday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15. The firm’s fifty day simple moving average is $8.72 and its 200 day simple moving average is $8.84.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0325 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.47%.

Nuveen Municipal Value Fund Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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