Truist Financial Corp Boosts Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Truist Financial Corp boosted its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 26.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,057 shares of the closed-end fund’s stock after purchasing an additional 6,470 shares during the period. Truist Financial Corp’s holdings in Nuveen Municipal Value Fund were worth $270,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Citigroup Inc. raised its holdings in Nuveen Municipal Value Fund by 98.7% during the 1st quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund’s stock valued at $29,000 after acquiring an additional 1,481 shares during the period. Moors & Cabot Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 6.5% in the first quarter. Moors & Cabot Inc. now owns 31,077 shares of the closed-end fund’s stock worth $298,000 after purchasing an additional 1,888 shares during the period. NewEdge Advisors LLC increased its holdings in shares of Nuveen Municipal Value Fund by 86.1% in the first quarter. NewEdge Advisors LLC now owns 40,328 shares of the closed-end fund’s stock worth $387,000 after purchasing an additional 18,660 shares during the period. First Trust Advisors LP increased its holdings in shares of Nuveen Municipal Value Fund by 39.6% in the first quarter. First Trust Advisors LP now owns 111,809 shares of the closed-end fund’s stock worth $1,071,000 after purchasing an additional 31,738 shares during the period. Finally, Mariner LLC increased its holdings in shares of Nuveen Municipal Value Fund by 6.7% in the first quarter. Mariner LLC now owns 22,054 shares of the closed-end fund’s stock worth $211,000 after purchasing an additional 1,381 shares during the period. Hedge funds and other institutional investors own 18.75% of the company’s stock.

Nuveen Municipal Value Fund Stock Down 0.4 %

Nuveen Municipal Value Fund stock opened at $8.28 on Tuesday. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $7.86 and a fifty-two week high of $9.34. The firm’s fifty day moving average price is $8.21 and its 200-day moving average price is $8.52.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be paid a $0.029 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.35 dividend on an annualized basis and a yield of 4.20%.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.