Nuveen Municipal Value Fund (NYSE:NUV) Hits New 1-Year High – What’s Next?

Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) reached a new 52-week high on Monday . The company traded as high as $9.23 and last traded at $9.2250, with a volume of 84342 shares trading hands. The stock had previously closed at $9.21.

Nuveen Municipal Value Fund Stock Performance

The business has a 50 day moving average of $9.10 and a 200 day moving average of $8.99.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be issued a $0.0325 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NUV. Royal Bank of Canada boosted its position in shares of Nuveen Municipal Value Fund by 5.4% during the 1st quarter. Royal Bank of Canada now owns 509,410 shares of the closed-end fund’s stock valued at $4,468,000 after purchasing an additional 26,282 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Nuveen Municipal Value Fund in the first quarter valued at approximately $111,000. Focus Partners Wealth boosted 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 worth $541,000 after buying an additional 31,000 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter worth approximately $147,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at $199,000. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Company Profile

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.