Nuveen Municipal Value Fund (NYSE:NUV) Sets New 52-Week High – Here’s What Happened

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $9.23 and last traded at $9.2050, with a volume of 55540 shares changing hands. The stock had previously closed at $9.20.

Nuveen Municipal Value Fund Stock Up 0.3%

The firm’s 50-day moving average is $9.08 and its two-hundred day moving average is $8.97.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of $0.0325 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Trading of Nuveen Municipal Value Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Financial Group lifted its holdings in shares of Nuveen Municipal Value Fund by 39.9% during the third quarter. Dynamic Financial Group now owns 214,755 shares of the closed-end fund’s stock worth $1,928,000 after buying an additional 61,233 shares in the last quarter. Jones Financial Companies Lllp increased its position in Nuveen Municipal Value Fund by 46.5% during the third quarter. Jones Financial Companies Lllp now owns 632,281 shares of the closed-end fund’s stock worth $5,703,000 after acquiring an additional 200,562 shares during the period. Congress Park Capital LLC increased its position in Nuveen Municipal Value Fund by 17.2% during the third quarter. Congress Park Capital LLC now owns 646,632 shares of the closed-end fund’s stock worth $5,807,000 after acquiring an additional 95,000 shares during the period. Rockefeller Capital Management L.P. raised its stake in Nuveen Municipal Value Fund by 25.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 491,082 shares of the closed-end fund’s stock worth $4,268,000 after purchasing an additional 100,273 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its holdings in Nuveen Municipal Value Fund by 23.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,368,391 shares of the closed-end fund’s stock valued at $21,268,000 after purchasing an additional 450,896 shares during the period. 22.50% of the stock is owned by institutional investors.

About Nuveen Municipal Value Fund

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.