Nuveen Municipal Value Fund (NYSE:NUV) Sets New 12-Month Low – Time to Sell?

Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) hit a new 52-week low on Monday . The company traded as low as $8.48 and last traded at $8.4950, with a volume of 63700 shares trading hands. The stock had previously closed at $8.66.

Nuveen Municipal Value Fund Stock Down 0.5%

The business has a 50 day simple moving average of $8.97 and a 200 day simple moving average of $9.07.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.0325 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. grew its position in shares of Nuveen Municipal Value Fund by 17.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock valued at $26,390,000 after purchasing an additional 422,222 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Nuveen Municipal Value Fund during the second quarter valued at about $11,867,000. Van ECK Associates Corp boosted its position in shares of Nuveen Municipal Value Fund by 3.0% during the second quarter. Van ECK Associates Corp now owns 1,098,087 shares of the closed-end fund’s stock worth $10,124,000 after buying an additional 31,841 shares during the period. Royal Bank of Canada lifted its position in shares of Nuveen Municipal Value Fund by 8.7% during the first quarter. Royal Bank of Canada now owns 620,206 shares of the closed-end fund’s stock worth $5,576,000 after purchasing an additional 49,645 shares in the last quarter. Finally, Tortoise Investment Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the second quarter worth $4,703,000. 22.50% of the stock is owned by institutional investors and hedge funds.

About Nuveen Municipal Value Fund

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.