Nuveen Municipal Value Fund (NYSE:NUV) Hits New 12-Month Low – What’s Next?

Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Free Report) shares 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 Performance

The firm has a fifty day moving average price of $8.94 and a two-hundred day moving average price of $9.06.

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Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

A number of large investors have recently made changes to their positions in the company. Roman Butler Fullerton & Co. grew its position in shares of Nuveen Municipal Value Fund by 0.5% during the 1st quarter. Roman Butler Fullerton & Co. now owns 251,547 shares of the closed-end fund’s stock worth $2,314,000 after buying an additional 1,182 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of Nuveen Municipal Value Fund by 1.8% during the first quarter. Hilltop Holdings Inc. now owns 70,598 shares of the closed-end fund’s stock valued at $635,000 after buying an additional 1,241 shares during the period. Baird Financial Group Inc. raised its holdings in shares of Nuveen Municipal Value Fund by 0.6% in the second quarter. Baird Financial Group Inc. now owns 221,506 shares of the closed-end fund’s stock valued at $2,042,000 after acquiring an additional 1,340 shares in the last quarter. Prospera Financial Services Inc lifted its stake in Nuveen Municipal Value Fund by 0.3% in the fourth quarter. Prospera Financial Services Inc now owns 475,589 shares of the closed-end fund’s stock worth $4,309,000 after acquiring an additional 1,379 shares during the period. Finally, Lido Advisors LLC lifted its stake in Nuveen Municipal Value Fund by 9.4% in the first quarter. Lido Advisors LLC now owns 16,793 shares of the closed-end fund’s stock worth $151,000 after acquiring an additional 1,438 shares during the period. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Company Profile

(Get Free Report)

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.

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