13,078 Shares in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Bought by Global Assets Advisory LLC

Global Assets Advisory LLC purchased a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,078 shares of the closed-end fund’s stock, valued at approximately $114,000.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC bought a new stake in Nuveen Municipal Value Fund during the fourth quarter worth $35,000. Ancora Advisors LLC raised its stake in shares of Nuveen Municipal Value Fund by 25.4% in the third quarter. Ancora Advisors LLC now owns 8,233 shares of the closed-end fund’s stock valued at $68,000 after buying an additional 1,666 shares during the period. High Net Worth Advisory Group LLC bought a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at $87,000. Radnor Capital Management LLC bought a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at $87,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at $92,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV opened at $8.57 on Friday. The stock’s fifty day moving average price is $8.54 and its two-hundred day moving average price is $8.62. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $8.93.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.029 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.06%.

About Nuveen Municipal Value Fund

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.