Nuveen Municipal Value Fund (NYSE:NUV) Sets New 1-Year Low – Here’s What Happened

Nuveen Municipal Value Fund, Inc. (NYSE:NUV)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $8.60 and last traded at $8.6250, with a volume of 700 shares changing hands. The stock had previously closed at $8.63.

Nuveen Municipal Value Fund Stock Performance

The firm has a 50-day moving average price of $9.02 and a 200 day moving average price of $9.09.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a $0.0325 dividend. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Trading of Nuveen Municipal Value Fund

A number of large investors have recently made changes to their positions in NUV. Global Retirement Partners LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. boosted its position in shares of Nuveen Municipal Value Fund by 166.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,059 shares of the closed-end fund’s stock worth $28,000 after acquiring an additional 1,911 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in Nuveen Municipal Value Fund in the fourth quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at $39,000. Finally, SVRN Asset Management LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter worth about $94,000. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund (NYSE: NUV) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.