Nuveen Municipal Value Fund (NYSE:NUV) Hits New 1-Year High Following Dividend Announcement

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) reached a new 52-week high during trading on Tuesday after the company announced a dividend. The company traded as high as $9.40 and last traded at $9.1750, with a volume of 100 shares trading hands. The stock had previously closed at $9.16.

The newly announced dividend which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.0325 per share. The ex-dividend date is Friday, February 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Nuveen Municipal Value Fund Trading Up 0.2%

The firm has a 50-day moving average of $9.06 and a two-hundred day moving average of $8.92.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Several hedge funds have recently bought and sold shares of NUV. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the second quarter worth about $33,000. Camelot Portfolios LLC bought a new stake in Nuveen Municipal Value Fund during the fourth quarter valued at about $45,000. EQ Wealth Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $47,000. SouthState Corp bought a new position in shares of Nuveen Municipal Value Fund in the second quarter worth about $58,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Nuveen Municipal Value Fund by 30.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,873 shares of the closed-end fund’s stock worth $60,000 after purchasing an additional 1,617 shares during the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

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.