Parallel Advisors LLC Grows Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Parallel Advisors LLC grew its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUVFree Report) by 1,109.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,352 shares of the closed-end fund’s stock after acquiring an additional 15,000 shares during the period. Parallel Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. UBS Group AG grew its position in shares of Nuveen Municipal Value Fund by 27.5% during the 4th quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock valued at $48,221,000 after acquiring an additional 1,208,804 shares during the period. 1607 Capital Partners LLC grew its position in shares of Nuveen Municipal Value Fund by 5.8% during 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 period. Tortoise Investment Management LLC grew its position in shares of Nuveen Municipal Value Fund by 39.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,762,966 shares of the closed-end fund’s stock valued at $15,514,000 after acquiring an additional 495,778 shares during the period. Van ECK Associates Corp boosted its holdings in Nuveen Municipal Value Fund by 15.2% in the 4th quarter. Van ECK Associates Corp now owns 1,469,667 shares of the closed-end fund’s stock worth $12,639,000 after buying an additional 194,096 shares during the period. Finally, LPL Financial LLC boosted its holdings in Nuveen Municipal Value Fund by 6.4% in the 3rd quarter. LPL Financial LLC now owns 1,018,508 shares of the closed-end fund’s stock worth $8,413,000 after buying an additional 61,190 shares during the period. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

NUV opened at $8.52 on Wednesday. The company has a 50 day moving average of $8.56 and a 200 day moving average of $8.61. Nuveen Municipal Value Fund, Inc. has a 12 month low of $7.86 and a 12 month high of $8.93.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a $0.029 dividend. This represents a $0.35 annualized dividend and a yield of 4.08%. The ex-dividend date was Tuesday, May 14th.

Nuveen Municipal Value Fund Profile

(Free Report)

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.

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

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