Wealthspire Advisors LLC Makes New Investment in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Wealthspire Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,490 shares of the closed-end fund’s stock, valued at approximately $90,000.

Several other hedge funds have also recently modified their holdings of NUV. Kovitz Investment Group Partners LLC bought a new position in shares of Nuveen Municipal Value Fund during the 3rd quarter worth approximately $10,409,000. Rivernorth Capital Management LLC increased its stake 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 purchasing an additional 618,364 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Nuveen Municipal Value Fund by 51.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock worth $11,634,000 after purchasing an additional 457,422 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $1,490,000. Finally, Tandem Financial LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $1,100,000. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV stock opened at $8.89 on Friday. The company has a 50 day moving average of $8.73 and a 200-day moving average of $8.85. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.35 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0325 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.39 annualized dividend and a dividend yield of 4.39%.

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.