Nuveen Municipal Value Fund (NYSE:NUV) Stock: Insider Young Robert Purchases 36,430 Shares

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) insider Young Robert bought 36,430 shares of the business’s stock in a transaction on Friday, October 23rd. The stock was purchased at an average price of $8.25 per share, with a total value of $300,547.50. Following the completion of the transaction, the insider directly owned 36,430 shares of the company’s stock, valued at $300,547.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nuveen Municipal Value Fund Stock Down 0.3%

Shares of NYSE NUV opened at $8.29 on Thursday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.02 and a 1 year high of $9.26. The stock has a fifty day moving average price of $8.50 and a two-hundred day moving average price of $8.97.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a $0.0325 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.7%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in Nuveen Municipal Value Fund during the second quarter valued at approximately $11,867,000. Tortoise Investment Management LLC acquired a new position in Nuveen Municipal Value Fund in the 2nd quarter valued at approximately $4,703,000. Hennion & Walsh Asset Management Inc. lifted its position in Nuveen Municipal Value Fund by 17.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock worth $26,390,000 after buying an additional 422,222 shares in the last quarter. Ehrlich Financial Group lifted its position in Nuveen Municipal Value Fund by 210.8% in the 2nd quarter. Ehrlich Financial Group now owns 356,385 shares of the closed-end fund’s stock worth $3,286,000 after buying an additional 241,716 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Nuveen Municipal Value Fund in the 2nd quarter worth approximately $2,058,000. 22.50% of the stock is owned by institutional investors and hedge funds.

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.