Nuveen Municipal Value Fund, Inc. (NUV) to Distribute Monthly Dividend of $0.03 on December 1st

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.0325 per share by the closed-end fund on Tuesday, December 1st. This represents a $0.39 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Municipal Value Fund Trading Up 0.1%

Shares of NYSE NUV opened at $8.35 on Wednesday. The firm’s 50-day moving average price is $8.45 and its 200-day moving average price is $8.96. Nuveen Municipal Value Fund has a 1-year low of $8.02 and a 1-year high of $9.26.

Insider Buying and Selling

In other news, insider Young L. Robert bought 36,430 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was acquired at an average cost of $8.25 per share, with a total value of $300,547.50. Following the transaction, the insider directly owned 36,430 shares of the company’s stock, valued at approximately $300,547.50. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NUV. Bank of America Corp DE purchased a new stake in shares of Nuveen Municipal Value Fund in the second quarter worth approximately $11,867,000. Tortoise Investment Management LLC purchased a new position in shares of Nuveen Municipal Value Fund during the second quarter valued at approximately $4,703,000. Hennion & Walsh Asset Management Inc. grew its holdings in Nuveen Municipal Value Fund by 17.3% during the second 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 grew its holdings in Nuveen Municipal Value Fund by 210.8% during the second 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 valued at $2,058,000. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Company Profile

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.