Barrett & Company Inc. Acquires 3,500 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Barrett & Company Inc. raised its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 70.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,445 shares of the closed-end fund’s stock after purchasing an additional 3,500 shares during the quarter. Barrett & Company Inc.’s holdings in Nuveen Municipal Value Fund were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at $753,000. CWM LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 204.5% during the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after acquiring an additional 6,347 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Nuveen Municipal Value Fund by 24.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 178,488 shares of the closed-end fund’s stock valued at $1,610,000 after purchasing an additional 35,537 shares in the last quarter. Good Life Advisors LLC grew its holdings in shares of Nuveen Municipal Value Fund by 5.5% in the 3rd quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock worth $368,000 after purchasing an additional 2,135 shares during the last quarter. Finally, Bar Harbor Wealth Management increased its position in shares of Nuveen Municipal Value Fund by 6.4% during the 3rd quarter. Bar Harbor Wealth Management now owns 453,466 shares of the closed-end fund’s stock worth $4,090,000 after purchasing an additional 27,146 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NUV stock opened at $8.87 on Friday. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.35 and a 12-month high of $9.15. The firm has a 50-day moving average price of $8.72 and a 200 day moving average price of $8.84.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0325 per share. The ex-dividend date is Friday, February 14th. This represents a $0.39 dividend on an annualized basis and a yield of 4.40%.

Nuveen Municipal Value Fund 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.