Wolverine Asset Management LLC Acquires New Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Wolverine Asset Management LLC bought a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,729 shares of the closed-end fund’s stock, valued at approximately $92,000.

A number of other hedge funds have also bought and sold shares of NUV. Van ECK Associates Corp lifted its position in Nuveen Municipal Value Fund by 36.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,275,571 shares of the closed-end fund’s stock worth $10,536,000 after acquiring an additional 339,999 shares during the period. UBS Group AG increased its holdings in Nuveen Municipal Value Fund by 5.2% in the 3rd quarter. UBS Group AG now owns 4,398,292 shares of the closed-end fund’s stock worth $36,330,000 after buying an additional 219,299 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Nuveen Municipal Value Fund by 44.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 621,115 shares of the closed-end fund’s stock worth $5,342,000 after buying an additional 191,461 shares during the last quarter. 1607 Capital Partners LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 5.8% in the 3rd quarter. 1607 Capital Partners LLC now owns 3,181,653 shares of the closed-end fund’s stock valued at $26,280,000 after acquiring an additional 174,184 shares during the last quarter. Finally, Pettinga Financial Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter worth $1,154,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

NYSE NUV opened at $8.45 on Monday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $8.93. The company has a fifty day moving average of $8.63 and a 200 day moving average of $8.54.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.029 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.35 dividend on an annualized basis and a yield of 4.12%.

Nuveen Municipal Value Fund Company Profile

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.