Allspring Global Investments Holdings LLC Grows Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Allspring Global Investments Holdings LLC raised its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUVGet Rating) by 145.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,144 shares of the closed-end fund’s stock after buying an additional 33,304 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Nuveen Municipal Value Fund were worth $474,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Bar Harbor Wealth Management bought a new position in shares of Nuveen Municipal Value Fund in the second quarter valued at approximately $8,060,000. Granby Capital Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter valued at $6,563,000. UBS Group AG increased its position in shares of Nuveen Municipal Value Fund by 15.3% during the 1st quarter. UBS Group AG now owns 3,386,917 shares of the closed-end fund’s stock valued at $32,447,000 after purchasing an additional 450,637 shares during the last quarter. Tiedemann Advisors LLC purchased a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter worth about $3,317,000. Finally, Walker Asset Management LLC purchased a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter worth about $2,978,000. Institutional investors own 17.32% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

NYSE NUV opened at $9.14 on Tuesday. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.25 and a 52-week high of $10.21. The company has a 50-day simple moving average of $8.74 and a 200 day simple moving average of $8.77.

Nuveen Municipal Value Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Friday, January 13th will be given a dividend of $0.028 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Thursday, January 12th.

Nuveen Municipal Value Fund Profile

(Get Rating)

Nuveen Municipal Value Fund, Inc is a closed-end diversified management investment fund. Its objective is current income exempt from federal income taxes and its secondary objective is the enhancement of portfolio value through selection of tax-exempt bonds and municipal market sectors. The company was founded on April 8, 1987 and is headquartered in Chicago, IL.

Recommended Stories

Want to see what other hedge funds are holding NUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Municipal Value Fund, Inc. (NYSE:NUVGet Rating).

Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

Receive News & Ratings for Nuveen Municipal Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Municipal Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.