Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Purchased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC raised its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 17.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 13,200 shares of the closed-end fund’s stock after acquiring an additional 2,000 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at about $84,000. High Net Worth Advisory Group LLC purchased a new stake in Nuveen Municipal Value Fund during the first quarter worth about $87,000. Radnor Capital Management LLC purchased a new stake in Nuveen Municipal Value Fund during the first quarter worth about $87,000. Wolverine Asset Management LLC purchased a new stake in Nuveen Municipal Value Fund during the fourth quarter worth about $92,000. Finally, PFG Investments LLC acquired a new position in Nuveen Municipal Value Fund during the first quarter worth about $98,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

NUV traded down $0.01 during midday trading on Friday, reaching $8.73. 216,626 shares of the company’s stock were exchanged, compared to its average volume of 317,306. The business’s 50-day moving average price is $8.58 and its 200 day moving average price is $8.63. Nuveen Municipal Value Fund, Inc. has a 1-year low of $7.86 and a 1-year high of $8.93.

Nuveen Municipal Value Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be given a dividend of $0.029 per share. This represents a $0.35 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Monday, July 15th.

Nuveen Municipal Value Fund Company 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.