High Net Worth Advisory Group LLC Purchases Shares of 10,000 Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

High Net Worth Advisory Group LLC acquired a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the closed-end fund’s stock, valued at approximately $87,000.

A number of other institutional investors also recently made changes to their positions in NUV. HighTower Advisors LLC boosted its stake in shares of Nuveen Municipal Value Fund by 13.1% in the 3rd quarter. HighTower Advisors LLC now owns 196,320 shares of the closed-end fund’s stock valued at $1,624,000 after purchasing an additional 22,793 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 5.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 143,871 shares of the closed-end fund’s stock valued at $1,188,000 after acquiring an additional 7,946 shares in the last quarter. LPL Financial LLC grew its position in Nuveen Municipal Value Fund by 6.4% during the 3rd quarter. LPL Financial LLC now owns 1,018,508 shares of the closed-end fund’s stock worth $8,413,000 after acquiring an additional 61,190 shares during the last quarter. Mariner LLC increased its holdings in Nuveen Municipal Value Fund by 204.9% in the 3rd quarter. Mariner LLC now owns 79,279 shares of the closed-end fund’s stock worth $655,000 after purchasing an additional 53,280 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Nuveen Municipal Value Fund by 11.8% in the third quarter. Stifel Financial Corp now owns 923,298 shares of the closed-end fund’s stock valued at $7,626,000 after purchasing an additional 97,507 shares during the last quarter. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NYSE:NUV traded up $0.01 during midday trading on Monday, hitting $8.55. 52,467 shares of the stock were exchanged, compared to its average volume of 416,935. The business’s 50-day moving average price is $8.53 and its 200 day moving average price is $8.62. Nuveen Municipal Value Fund, Inc. has a 12 month low of $7.86 and a 12 month high of $8.93.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.029 per share. The ex-dividend date is Friday, June 14th. This represents a $0.35 annualized dividend and a yield of 4.07%.

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.