Partners Capital Investment Group LLP purchased a new position in Nuveen Municipal Value Fund Inc (NYSE:NUV) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,200 shares of the closed-end fund’s stock, valued at approximately $144,000.
Several other institutional investors have also modified their holdings of the company. James Investment Research Inc. grew its holdings in Nuveen Municipal Value Fund by 13.9% during the fourth quarter. James Investment Research Inc. now owns 229,095 shares of the closed-end fund’s stock valued at $2,321,000 after purchasing an additional 27,870 shares during the period. Koshinski Asset Management Inc. boosted its holdings in Nuveen Municipal Value Fund by 7.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 176,481 shares of the closed-end fund’s stock worth $1,788,000 after purchasing an additional 12,207 shares during the last quarter. Aries Wealth Management acquired a new position in Nuveen Municipal Value Fund during the fourth quarter worth $366,000. Ballew Advisors Inc acquired a new position in Nuveen Municipal Value Fund during the fourth quarter worth $1,085,000. Finally, Cetera Advisor Networks LLC bought a new stake in Nuveen Municipal Value Fund during the fourth quarter worth $146,000. Institutional investors and hedge funds own 10.56% of the company’s stock.
Shares of Nuveen Municipal Value Fund Inc (NYSE:NUV) traded up $0.01 on Wednesday, hitting $9.42. 284,385 shares of the stock traded hands, compared to its average volume of 405,150. Nuveen Municipal Value Fund Inc has a 52 week low of $9.38 and a 52 week high of $10.46.
The business also recently declared a monthly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be paid a $0.031 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 3.95%.
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Nuveen Municipal Value Fund Profile
Nuveen Municipal Value Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s primary objective is to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain territories of the United States.
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