Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Free Report) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0325 per share by the closed-end fund on Tuesday, December 1st. This represents a $0.39 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, November 13th.
Nuveen Municipal Value Fund Trading Down 1.0%
Shares of NUV stock opened at $8.36 on Tuesday. Nuveen Municipal Value Fund has a 12 month low of $8.02 and a 12 month high of $9.26. The business’s 50 day moving average is $8.47 and its two-hundred day moving average is $8.96.
Insider Buying and Selling at Nuveen Municipal Value Fund
In other news, insider Young L. Robert acquired 36,430 shares of Nuveen Municipal Value Fund stock in a transaction dated Friday, October 23rd. The stock was acquired at an average cost of $8.25 per share, for a total transaction of $300,547.50. Following the completion of the purchase, the insider owned 36,430 shares of the company’s stock, valued at $300,547.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Nuveen Municipal Value Fund during the second quarter worth $27,000. Northwestern Mutual Wealth Management Co. acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter valued at $39,000. ProVise Management Group LLC bought a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at $96,000. Bank of New York Mellon Corp bought a new stake in Nuveen Municipal Value Fund in the 1st quarter valued at $94,000. Finally, Sheets Smith Wealth Management acquired a new stake in Nuveen Municipal Value Fund in the 2nd quarter worth $111,000. Institutional investors own 22.50% of the company’s stock.
About Nuveen Municipal Value Fund
Nuveen Municipal Value Fund, Inc is a closed-end fund listed on the New York Stock Exchange under the symbol NUV. The fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, cities, counties, and other governmental entities in the United States.
Its portfolio may include a range of tax-exempt obligations, such as general obligation bonds, revenue bonds, and other municipal debt securities.
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