Nuveen Municipal Value Fund (NYSE:NUV) Insider Acquires $300,547.50 in Stock

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) insider Young Robert acquired 36,430 shares of the stock in a transaction on Friday, October 23rd. The shares were acquired at an average price of $8.25 per share, with a total value of $300,547.50. Following the purchase, the insider owned 36,430 shares in the company, valued at $300,547.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Nuveen Municipal Value Fund Stock Performance

NUV stock opened at $8.36 on Friday. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.02 and a 52-week high of $9.26. The stock’s 50 day moving average is $8.49 and its two-hundred day moving average is $8.97.

Nuveen Municipal Value Fund Announces Dividend

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

Institutional Trading of Nuveen Municipal Value Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Roman Butler Fullerton & Co. increased its position in shares of Nuveen Municipal Value Fund by 0.5% in the 1st quarter. Roman Butler Fullerton & Co. now owns 251,547 shares of the closed-end fund’s stock worth $2,314,000 after purchasing an additional 1,182 shares during the last quarter. Hilltop Holdings Inc. raised its stake in shares of Nuveen Municipal Value Fund by 1.8% in the 1st quarter. Hilltop Holdings Inc. now owns 70,598 shares of the closed-end fund’s stock valued at $635,000 after purchasing an additional 1,241 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Nuveen Municipal Value Fund by 0.6% in the 2nd quarter. Baird Financial Group Inc. now owns 221,506 shares of the closed-end fund’s stock valued at $2,042,000 after purchasing an additional 1,340 shares in the last quarter. Lido Advisors LLC lifted its position in shares of Nuveen Municipal Value Fund by 9.4% during the first quarter. Lido Advisors LLC now owns 16,793 shares of the closed-end fund’s stock worth $151,000 after purchasing an additional 1,438 shares during the last quarter. Finally, World Investment Advisors lifted its position in shares of Nuveen Municipal Value Fund by 3.3% during the first quarter. World Investment Advisors now owns 52,177 shares of the closed-end fund’s stock worth $469,000 after purchasing an additional 1,654 shares during the last quarter. Institutional investors own 22.50% of the company’s stock.

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.