Congress Park Capital LLC Raises Stake in Nuveen Municipal Value Fund, Inc. $NUV

Congress Park Capital LLC raised its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 17.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 646,632 shares of the closed-end fund’s stock after purchasing an additional 95,000 shares during the period. Nuveen Municipal Value Fund accounts for 1.8% of Congress Park Capital LLC’s investment portfolio, making the stock its 20th largest holding. Congress Park Capital LLC owned approximately 0.31% of Nuveen Municipal Value Fund worth $5,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in shares of Nuveen Municipal Value Fund by 25.7% during the second quarter. Rockefeller Capital Management L.P. now owns 491,082 shares of the closed-end fund’s stock worth $4,268,000 after purchasing an additional 100,273 shares in the last quarter. Allworth Financial LP purchased a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth about $752,000. Guggenheim Capital LLC boosted its position in shares of Nuveen Municipal Value Fund by 4.7% during the 1st quarter. Guggenheim Capital LLC now owns 1,507,789 shares of the closed-end fund’s stock worth $13,223,000 after acquiring an additional 68,307 shares in the last quarter. 1607 Capital Partners LLC boosted its position in shares of Nuveen Municipal Value Fund by 2.4% during the 1st quarter. 1607 Capital Partners LLC now owns 2,718,221 shares of the closed-end fund’s stock worth $23,839,000 after acquiring an additional 63,018 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 37.9% in the 2nd quarter. Osaic Holdings Inc. now owns 186,936 shares of the closed-end fund’s stock valued at $1,625,000 after acquiring an additional 51,376 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NUV stock opened at $8.97 on Thursday. The business has a 50 day moving average price of $9.05 and a 200 day moving average price of $8.82. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.0325 per share. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Monday, December 15th.

Nuveen Municipal Value Fund 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.