Dumont & Blake Investment Advisors LLC Raises Stock Holdings in Nuveen Municipal Value Fund, Inc. $NUV

Dumont & Blake Investment Advisors LLC increased its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 27.9% in the second quarter, HoldingsChannel reports. The firm owned 16,217 shares of the closed-end fund’s stock after buying an additional 3,538 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $141,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. 1607 Capital Partners LLC lifted its stake in shares of Nuveen Municipal Value Fund by 2.4% during the 1st quarter. 1607 Capital Partners LLC now owns 2,718,221 shares of the closed-end fund’s stock worth $23,839,000 after purchasing an additional 63,018 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in Nuveen Municipal Value Fund by 2.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 2,012,078 shares of the closed-end fund’s stock valued at $17,646,000 after acquiring an additional 57,097 shares in the last quarter. Guggenheim Capital LLC grew its holdings in Nuveen Municipal Value Fund by 4.7% in the first quarter. Guggenheim Capital LLC now owns 1,507,789 shares of the closed-end fund’s stock valued at $13,223,000 after purchasing an additional 68,307 shares during the period. LPL Financial LLC grew its holdings in Nuveen Municipal Value Fund by 10.1% in the first quarter. LPL Financial LLC now owns 1,154,702 shares of the closed-end fund’s stock valued at $10,127,000 after purchasing an additional 106,291 shares during the period. Finally, Congress Park Capital LLC grew its holdings in Nuveen Municipal Value Fund by 9.7% in the second quarter. Congress Park Capital LLC now owns 551,632 shares of the closed-end fund’s stock valued at $4,794,000 after purchasing an additional 48,750 shares during the period. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NUV opened at $9.07 on Friday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.38 and a 12 month high of $9.13. The stock’s 50 day moving average is $8.84 and its two-hundred day moving average is $8.68.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a $0.0325 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 15th.

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.