Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 13.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,547 shares of the closed-end fund’s stock after purchasing an additional 3,425 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Nuveen Municipal Value Fund were worth $259,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Nuveen Municipal Value Fund by 274.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund’s stock worth $34,000 after buying an additional 2,836 shares in the last quarter. South Plains Financial Inc. purchased a new stake in shares of Nuveen Municipal Value Fund in the 4th quarter valued at approximately $37,000. EQ Wealth Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the 1st quarter valued at approximately $45,000. Private Trust Co. NA increased its position in shares of Nuveen Municipal Value Fund by 109.4% in the 1st quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund’s stock valued at $50,000 after purchasing an additional 2,990 shares during the last quarter. Finally, Elequin Capital LP purchased a new stake in shares of Nuveen Municipal Value Fund in the 4th quarter valued at approximately $75,000. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE:NUV opened at $8.59 on Friday. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.38 and a 52 week high of $9.15. The company’s 50 day moving average is $8.60 and its two-hundred day moving average is $8.66.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be paid a $0.0325 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, August 15th.

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.