James Investment Research Inc. Acquires 17,567 Shares of Nuveen Municipal Value Fund Inc (NUV)

James Investment Research Inc. lifted its holdings in Nuveen Municipal Value Fund Inc (NYSE:NUV) by 13.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 149,583 shares of the closed-end fund’s stock after buying an additional 17,567 shares during the period. James Investment Research Inc.’s holdings in Nuveen Municipal Value Fund were worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Morgan Stanley lifted its stake in shares of Nuveen Municipal Value Fund by 2.9% in the 3rd quarter. Morgan Stanley now owns 4,288,481 shares of the closed-end fund’s stock worth $40,140,000 after purchasing an additional 119,229 shares during the period. Relative Value Partners Group LLC increased its holdings in Nuveen Municipal Value Fund by 51.5% in the 4th quarter. Relative Value Partners Group LLC now owns 2,200,384 shares of the closed-end fund’s stock worth $20,398,000 after acquiring an additional 747,510 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in Nuveen Municipal Value Fund by 434.6% in the 4th quarter. 1607 Capital Partners LLC now owns 1,132,800 shares of the closed-end fund’s stock worth $10,501,000 after acquiring an additional 920,900 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in Nuveen Municipal Value Fund by 36.1% in the 4th quarter. Tortoise Investment Management LLC now owns 621,686 shares of the closed-end fund’s stock worth $5,763,000 after acquiring an additional 164,764 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Nuveen Municipal Value Fund by 3.6% in the 4th quarter. Van ECK Associates Corp now owns 571,839 shares of the closed-end fund’s stock worth $5,301,000 after acquiring an additional 20,005 shares in the last quarter. Hedge funds and other institutional investors own 13.17% of the company’s stock.

Nuveen Municipal Value Fund stock opened at $9.95 on Monday. Nuveen Municipal Value Fund Inc has a 12-month low of $9.11 and a 12-month high of $10.01.

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.031 dividend. This represents a $0.37 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, April 12th.

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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.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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