Nuveen Municipal Value Fund, Inc. Declares Monthly Dividend of $0.03 (NYSE:NUV)

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) announced a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.0325 per share by the closed-end fund on Tuesday, July 1st. This represents a $0.39 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date of this dividend is Friday, June 13th.

Nuveen Municipal Value Fund Price Performance

NUV opened at $8.54 on Thursday. Nuveen Municipal Value Fund has a 1-year low of $8.38 and a 1-year high of $9.15. The business has a 50 day moving average of $8.60 and a 200-day moving average of $8.70.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Several hedge funds have recently added to or reduced their stakes in NUV. Royal Bank of Canada boosted its holdings in Nuveen Municipal Value Fund by 5.4% during the first quarter. Royal Bank of Canada now owns 509,410 shares of the closed-end fund’s stock worth $4,468,000 after buying an additional 26,282 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Nuveen Municipal Value Fund by 101.2% during the 1st quarter. Focus Partners Wealth now owns 61,646 shares of the closed-end fund’s stock valued at $541,000 after purchasing an additional 31,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in shares of Nuveen Municipal Value Fund during the 1st quarter valued at about $111,000. Institutional investors own 22.50% of the company’s stock.

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.