223,189 Shares in Nuveen Municipal Value Fund, Inc. $NUV Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 2nd quarter, HoldingsChannel reports. The firm purchased 223,189 shares of the closed-end fund’s stock, valued at approximately $2,058,000.

A number of other hedge funds also recently bought and sold shares of NUV. Royal Bank of Canada grew its position in shares of 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 in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Nuveen Municipal Value Fund in the first quarter valued at approximately $111,000. Focus Partners Wealth raised its holdings in Nuveen Municipal Value Fund by 101.2% in the first quarter. Focus Partners Wealth now owns 61,646 shares of the closed-end fund’s stock valued at $541,000 after acquiring an additional 31,000 shares in the last quarter. Franklin Resources Inc. purchased a new position in Nuveen Municipal Value Fund in the second quarter worth approximately $113,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Nuveen Municipal Value Fund by 30.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,873 shares of the closed-end fund’s stock worth $60,000 after acquiring an additional 1,617 shares during the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Down 0.7%

NYSE NUV opened at $8.93 on Thursday. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.63 and a 52 week high of $9.26. The firm has a 50 day moving average of $9.11 and a two-hundred day moving average of $9.12.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.0325 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, August 14th.

About Nuveen Municipal Value Fund

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.