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:NUV – Get 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

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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.