D.A. Davidson & CO. Makes New Investment in Nuveen Municipal Value Fund, Inc. $NUV

D.A. Davidson & CO. purchased a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,972 shares of the closed-end fund’s stock, valued at approximately $147,000.

A number of other institutional investors have also recently bought and sold shares of the business. Dumont & Blake Investment Advisors LLC boosted its stake in Nuveen Municipal Value Fund by 27.9% during the second quarter. Dumont & Blake Investment Advisors LLC now owns 16,217 shares of the closed-end fund’s stock worth $141,000 after buying an additional 3,538 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Nuveen Municipal Value Fund by 10.9% during the second quarter. Stratos Wealth Partners LTD. now owns 44,225 shares of the closed-end fund’s stock worth $384,000 after buying an additional 4,340 shares in the last quarter. Dynamic Financial Group boosted its stake in Nuveen Municipal Value Fund by 47.5% in the 2nd quarter. Dynamic Financial Group now owns 153,522 shares of the closed-end fund’s stock valued at $1,334,000 after buying an additional 49,461 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in Nuveen Municipal Value Fund by 24.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 89,363 shares of the closed-end fund’s stock valued at $777,000 after buying an additional 17,693 shares in the last quarter. Finally, Coordinated Financial Services Inc. acquired a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at $87,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Up 0.3%

Shares of NUV stock opened at $9.00 on Friday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.10. The stock’s fifty day simple moving average is $8.92 and its 200 day simple moving average is $8.71.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be paid a $0.0325 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 15th.

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.