Rockefeller Capital Management L.P. raised its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Free Report) by 25.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 491,082 shares of the closed-end fund’s stock after buying an additional 100,273 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.24% of Nuveen Municipal Value Fund worth $4,268,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of NUV. True North Advisors LLC purchased a new position in Nuveen Municipal Value Fund during the first quarter worth about $4,480,000. LPL Financial LLC boosted its position in Nuveen Municipal Value Fund by 10.1% during the 1st quarter. LPL Financial LLC now owns 1,154,702 shares of the closed-end fund’s stock worth $10,127,000 after purchasing an additional 106,291 shares during the period. Allworth Financial LP acquired a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at $752,000. Dynamic Financial Group raised its position in Nuveen Municipal Value Fund by 452.5% in the first quarter. Dynamic Financial Group now owns 104,061 shares of the closed-end fund’s stock valued at $913,000 after purchasing an additional 85,226 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of Nuveen Municipal Value Fund by 4.7% during the first quarter. Guggenheim Capital LLC now owns 1,507,789 shares of the closed-end fund’s stock worth $13,223,000 after purchasing an additional 68,307 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.
Nuveen Municipal Value Fund Trading Up 0.1%
Shares of NYSE:NUV opened at $9.04 on Friday. The business’s 50-day simple moving average is $9.02 and its 200 day simple moving average is $8.76. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.15.
Nuveen Municipal Value Fund Announces Dividend
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.
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