King Luther Capital Management Corp Makes New $348,000 Investment in Nuveen Municipal Value Fund, Inc. $NUV

King Luther Capital Management Corp acquired a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 40,000 shares of the closed-end fund’s stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter worth about $33,000. Dagco Inc. bought a new stake in Nuveen Municipal Value Fund during the 1st quarter worth approximately $42,000. Flagship Wealth Advisors LLC raised its stake in shares of Nuveen Municipal Value Fund by 80.0% in the first 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. SouthState Corp bought a new position in shares of Nuveen Municipal Value Fund in the second quarter valued at approximately $58,000. Finally, Harbour Investments Inc. lifted its holdings in shares of Nuveen Municipal Value Fund by 138.0% in the first quarter. Harbour Investments Inc. now owns 9,507 shares of the closed-end fund’s stock valued at $83,000 after purchasing an additional 5,512 shares in the last quarter. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Trading Up 0.4%

Shares of Nuveen Municipal Value Fund stock opened at $9.14 on Wednesday. The stock has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $8.74. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.38 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

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

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.