Nuveen Municipal Value Fund (NYSE:NUV) Sees Unusually-High Trading Volume – Should You Buy?

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) saw unusually-high trading volume on Thursday . Approximately 1,306,833 shares traded hands during trading, an increase of 147% from the previous session’s volume of 528,150 shares.The stock last traded at $8.1550 and had previously closed at $8.24.

Nuveen Municipal Value Fund Stock Performance

The business has a 50-day simple moving average of $8.92 and a two-hundred day simple moving average of $9.05.

Nuveen Municipal Value Fund Announces Dividend

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

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC acquired a new position in Nuveen Municipal Value Fund in the 2nd quarter valued at $27,000. Hantz Financial Services Inc. boosted its holdings in shares of Nuveen Municipal Value Fund by 166.5% in 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 in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Nuveen Municipal Value Fund during the second quarter worth about $39,000. Finally, SVRN Asset Management LLC acquired a new position in shares of Nuveen Municipal Value Fund during the fourth quarter worth about $94,000. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

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.