Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 6.9% in the 3rd quarter, Holdings Channel reports. The fund owned 164,283 shares of the closed-end fund’s stock after buying an additional 10,633 shares during the period. Janney Montgomery Scott LLC’s holdings in Nuveen Municipal Value Fund were worth $1,482,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Williams Financial LLC bought a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter worth about $2,661,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Municipal Value Fund by 38.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock worth $8,091,000 after purchasing an additional 250,517 shares in the last quarter. Tortoise Investment Management LLC lifted its position in Nuveen Municipal Value Fund by 11.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock worth $17,257,000 after buying an additional 202,782 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Nuveen Municipal Value Fund during the second quarter valued at $1,573,000. Finally, Congress Park Capital LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 41.7% during the 2nd quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock valued at $4,254,000 after buying an additional 145,000 shares during the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV opened at $8.86 on Friday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.27 and a 12 month high of $9.15. The company’s fifty day moving average is $9.00 and its 200-day moving average is $8.78.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.031 per share. The ex-dividend date is Friday, November 15th. This represents a $0.37 annualized dividend and a dividend yield of 4.20%.

Nuveen Municipal Value Fund 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.