Sanctuary Advisors LLC Makes New $753,000 Investment in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Sanctuary Advisors LLC acquired a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 89,066 shares of the closed-end fund’s stock, valued at approximately $753,000.

A number of other large investors have also modified their holdings of NUV. WealthBridge Capital Management LLC raised its position in shares of Nuveen Municipal Value Fund by 2.8% during the 1st quarter. WealthBridge Capital Management LLC now owns 52,221 shares of the closed-end fund’s stock worth $455,000 after purchasing an additional 1,444 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of Nuveen Municipal Value Fund by 17.9% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 13,200 shares of the closed-end fund’s stock worth $115,000 after purchasing an additional 2,000 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Nuveen Municipal Value Fund by 14.0% during the 1st quarter. International Assets Investment Management LLC now owns 16,496 shares of the closed-end fund’s stock worth $143,000 after purchasing an additional 2,023 shares during the last quarter. Saxony Capital Management LLC raised its position in shares of Nuveen Municipal Value Fund by 21.3% during the 2nd quarter. Saxony Capital Management LLC now owns 14,250 shares of the closed-end fund’s stock worth $123,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new position in shares of Nuveen Municipal Value Fund during the 2nd quarter worth about $25,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

NUV opened at $9.10 on Monday. Nuveen Municipal Value Fund, Inc. has a twelve month low of $7.86 and a twelve month high of $9.15. The company has a 50-day moving average price of $8.93 and a 200 day moving average price of $8.71.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.031 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.37 dividend on an annualized basis and a yield of 4.09%.

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.