SouthState Corp Invests $58,000 in Nuveen Municipal Value Fund, Inc. $NUV

SouthState Corp purchased a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 6,718 shares of the closed-end fund’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new position in Nuveen Municipal Value Fund in the second quarter worth about $33,000. Dagco Inc. acquired a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter worth approximately $42,000. Flagship Wealth Advisors LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 80.0% in the 1st quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund’s stock worth $49,000 after purchasing an additional 2,500 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Nuveen Municipal Value Fund by 138.0% in the 1st quarter. Harbour Investments Inc. now owns 9,507 shares of the closed-end fund’s stock worth $83,000 after purchasing an additional 5,512 shares during the last quarter. Finally, Coordinated Financial Services Inc. acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter valued at approximately $87,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV opened at $9.11 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 has a fifty day moving average price of $8.96 and a 200 day moving average price of $8.73.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.0325 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, November 14th.

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.