Nuveen Municipal Value Fund (NYSE:NUV) Reaches New 12-Month Low – What’s Next?

Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) reached a new 52-week low on Monday. The company traded as low as $8.05 and last traded at $8.0150, with a volume of 1100901 shares. The stock had previously closed at $8.18.

Nuveen Municipal Value Fund Price Performance

The company’s 50-day moving average is $8.88 and its two-hundred day moving average is $9.04.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.8%.

Institutional Trading of Nuveen Municipal Value Fund

Several hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Municipal Value Fund by 17.3% in 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 purchasing an additional 422,222 shares in the last quarter. Bank of America Corp DE acquired a new stake in Nuveen Municipal Value Fund in the second quarter worth about $11,867,000. Van ECK Associates Corp lifted its holdings in Nuveen Municipal Value Fund by 3.0% in the second quarter. Van ECK Associates Corp now owns 1,098,087 shares of the closed-end fund’s stock worth $10,124,000 after purchasing an additional 31,841 shares during the period. Royal Bank of Canada grew its position in Nuveen Municipal Value Fund by 8.7% in the 1st quarter. Royal Bank of Canada now owns 620,206 shares of the closed-end fund’s stock valued at $5,576,000 after buying an additional 49,645 shares in the last quarter. Finally, Tortoise Investment Management LLC acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter valued at about $4,703,000. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund (NYSE: NUV) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.