40,000 Shares in Nuveen Municipal Value Fund, Inc. $NUV Purchased by King Luther Capital Management Corp

King Luther Capital Management Corp bought a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the second quarter, HoldingsChannel reports. The institutional investor bought 40,000 shares of the closed-end fund’s stock, valued at approximately $348,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameritas Advisory Services LLC bought a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter worth approximately $33,000. Dagco Inc. bought a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter valued at $42,000. Flagship Wealth Advisors LLC raised its stake in shares of Nuveen Municipal Value Fund by 80.0% during the 1st quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund’s stock valued at $49,000 after purchasing an additional 2,500 shares during the period. SouthState Corp bought a new position in Nuveen Municipal Value Fund in the 2nd quarter worth about $58,000. Finally, Harbour Investments Inc. grew its holdings in Nuveen Municipal Value Fund by 138.0% during the 1st quarter. Harbour Investments Inc. now owns 9,507 shares of the closed-end fund’s stock valued at $83,000 after buying an additional 5,512 shares in the last quarter. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of Nuveen Municipal Value Fund stock opened at $9.14 on Wednesday. The company’s 50-day moving average price is $8.98 and its 200-day moving average price is $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 Dividend Announcement

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

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.