Leigh Baldwin & CO. LLC Invests $1.03 Million in Nuveen Municipal Value Fund, Inc. $NUV

Leigh Baldwin & CO. LLC acquired a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 2nd quarter, HoldingsChannel reports. The fund acquired 117,483 shares of the closed-end fund’s stock, valued at approximately $1,027,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Nuveen Municipal Value Fund in the 2nd quarter worth $27,000. EverSource Wealth Advisors LLC bought a new stake in Nuveen Municipal Value Fund during the fourth quarter valued at about $28,000. Hantz Financial Services Inc. boosted its holdings in Nuveen Municipal Value Fund by 166.5% during the fourth quarter. Hantz Financial Services Inc. now owns 3,059 shares of the closed-end fund’s stock valued at $28,000 after acquiring an additional 1,911 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Nuveen Municipal Value Fund in the second quarter valued at about $39,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $45,000. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

Nuveen Municipal Value Fund stock opened at $8.97 on Monday. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.60 and a 52 week high of $9.26. The business’s 50-day simple moving average is $9.12 and its 200-day simple moving average is $9.13.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Nuveen Municipal Value Fund Profile

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.