Jones Financial Companies Lllp Increases Stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Jones Financial Companies Lllp raised its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,439 shares of the closed-end fund’s stock after acquiring an additional 68,595 shares during the quarter. Jones Financial Companies Lllp’s holdings in Nuveen Municipal Value Fund were worth $1,790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of Nuveen Municipal Value Fund during the third quarter valued at approximately $104,000. Janney Montgomery Scott LLC boosted its holdings 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 buying an additional 10,633 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Nuveen Municipal Value Fund by 127.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 39,347 shares of the closed-end fund’s stock worth $338,000 after buying an additional 22,015 shares during the period. Private Advisor Group LLC lifted its position in Nuveen Municipal Value Fund by 70.2% during the 3rd quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock valued at $180,000 after acquiring an additional 8,247 shares during the period. Finally, Oppenheimer & Co. Inc. bought a new stake in Nuveen Municipal Value Fund during the third quarter worth about $90,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Down 0.1 %

Shares of NYSE NUV opened at $8.82 on Friday. The company has a 50 day simple moving average of $8.75 and a two-hundred day simple moving average of $8.85. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Municipal Value Fund 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.