Nuveen Municipal Value Fund, Inc. (NUV) To Go Ex-Dividend on November 13th

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) declared a monthly dividend on Monday, November 2nd. Investors 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 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Municipal Value Fund Price Performance

Nuveen Municipal Value Fund stock opened at $8.36 on Wednesday. The firm has a fifty day simple moving average of $8.40 and a two-hundred day simple moving average of $8.94. Nuveen Municipal Value Fund has a twelve month low of $8.02 and a twelve month high of $9.26.

Insider Buying and Selling at Nuveen Municipal Value Fund

In related news, insider Young L. Robert bought 36,430 shares of the company’s stock in a transaction that occurred on Friday, October 23rd. The stock was bought at an average cost of $8.25 per share, for a total transaction of $300,547.50. Following the acquisition, the insider directly owned 36,430 shares of the company’s stock, valued at $300,547.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Trading of Nuveen Municipal Value Fund

A number of institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE bought a new stake in shares of Nuveen Municipal Value Fund in the second quarter worth about $11,867,000. Tortoise Investment Management LLC bought 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. raised its holdings in shares of 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 valued at $26,390,000 after acquiring an additional 422,222 shares in the last quarter. Ehrlich Financial Group lifted its stake in Nuveen Municipal Value Fund by 210.8% in the second quarter. Ehrlich Financial Group now owns 356,385 shares of the closed-end fund’s stock worth $3,286,000 after acquiring an additional 241,716 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Nuveen Municipal Value Fund in the second quarter valued at $2,058,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund is a closed-end investment fund that focuses on municipal debt securities issued by state and local governments and related entities. Its portfolio may include bonds financing public projects and services across the United States. The fund seeks to provide income exempt from regular federal income tax while emphasizing the preservation of capital. Its investments are subject to the credit, interest-rate and other risks associated with municipal securities. Nuveen Fund Advisors, LLC serves as the fund’s investment adviser.