Nuveen Municipal Value Fund (NYSE:NUV) Sets New 1-Year High Following Dividend Announcement

Nuveen Municipal Value Fund, Inc. (NYSE:NUV)’s share price reached a new 52-week high during trading on Tuesday following a dividend announcement from the company. The company traded as high as $9.40 and last traded at $9.1750, with a volume of 100 shares changing hands. The stock had previously closed at $9.16.

The newly announced dividend which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 13th will be given a dividend of $0.0325 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Municipal Value Fund Stock Performance

The stock’s 50 day simple moving average is $9.06 and its 200-day simple moving average is $8.93.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Nuveen Municipal Value Fund during the 2nd quarter valued at about $33,000. Camelot Portfolios LLC purchased a new position in shares of Nuveen Municipal Value Fund in the fourth quarter worth about $45,000. EQ Wealth Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter worth about $47,000. International Assets Investment Management LLC purchased a new stake in Nuveen Municipal Value Fund in the fourth quarter valued at approximately $50,000. Finally, SouthState Corp purchased a new stake in Nuveen Municipal Value Fund in the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Company Profile

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.