11,521 Shares in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,521 shares of the closed-end fund’s stock, valued at approximately $104,000.

A number of other large investors have also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC bought a new stake in shares of Nuveen Municipal Value Fund during the 3rd quarter valued at about $10,409,000. Rivernorth Capital Management LLC grew its position in shares of Nuveen Municipal Value Fund by 9.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock worth $66,935,000 after buying an additional 618,364 shares during the period. Harmony Asset Management LLC increased its stake in shares of Nuveen Municipal Value Fund by 93.2% in the 3rd quarter. Harmony Asset Management LLC now owns 105,700 shares of the closed-end fund’s stock valued at $953,000 after acquiring an additional 51,000 shares in the last quarter. Hilltop Holdings Inc. lifted its position in shares of Nuveen Municipal Value Fund by 12.4% during the 3rd quarter. Hilltop Holdings Inc. now owns 68,516 shares of the closed-end fund’s stock valued at $618,000 after acquiring an additional 7,564 shares during the period. Finally, Coastwise Capital Group LLC bought a new position in Nuveen Municipal Value Fund during the third quarter worth $117,000. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NYSE:NUV opened at $8.51 on Friday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15. The firm has a fifty day simple moving average of $8.89 and a two-hundred day simple moving average of $8.82.

Nuveen Municipal Value Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.0325 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.39 annualized dividend and a dividend yield of 4.58%.

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.