Nuveen Municipal Value Fund, Inc. (NUV) to Issue Monthly Dividend of $0.03 on October 1st

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0325 per share by the closed-end fund on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 15th.

Nuveen Municipal Value Fund Stock Performance

Nuveen Municipal Value Fund stock opened at $8.71 on Friday. The stock’s fifty day moving average is $9.03 and its two-hundred day moving average is $9.09. Nuveen Municipal Value Fund has a 1-year low of $8.60 and a 1-year high of $9.26.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Municipal Value Fund by 17.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock valued at $26,390,000 after buying an additional 422,222 shares in the last quarter. Ehrlich Financial Group increased its holdings in shares of Nuveen Municipal Value Fund by 210.8% during the second quarter. Ehrlich Financial Group now owns 356,385 shares of the closed-end fund’s stock worth $3,286,000 after buying an additional 241,716 shares in the last quarter. Tortoise Investment Management LLC bought a new position in shares of Nuveen Municipal Value Fund in the second quarter valued at approximately $4,703,000. Sanctuary Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the second quarter valued at approximately $2,058,000. Finally, Tandem Financial LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter worth approximately $1,412,000. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund (NYSE: NUV) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.