Coordinated Financial Services Inc. Takes Position in Nuveen Municipal Value Fund, Inc. $NUV

Coordinated Financial Services Inc. acquired a new stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,000 shares of the closed-end fund’s stock, valued at approximately $87,000.

A number of other hedge funds have also recently modified their holdings of the business. Narwhal Capital Management grew its position in shares of Nuveen Municipal Value Fund by 105.1% during the 2nd quarter. Narwhal Capital Management now owns 26,100 shares of the closed-end fund’s stock valued at $227,000 after acquiring an additional 13,375 shares during the period. Seamount Financial Group Inc. grew its position in shares of Nuveen Municipal Value Fund by 4.7% during the 2nd quarter. Seamount Financial Group Inc. now owns 62,799 shares of the closed-end fund’s stock valued at $546,000 after acquiring an additional 2,837 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter valued at $33,000. Golden State Equity Partners bought a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter valued at $140,000. Finally, Annex Advisory Services LLC bought a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter valued at $101,000. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

Shares of NUV stock opened at $9.06 on Friday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.38 and a 1 year high of $9.15. The firm has a fifty day moving average price of $8.80 and a 200-day moving average price of $8.67.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a dividend of $0.0325 per share. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

About Nuveen Municipal Value Fund

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.