Rockefeller Capital Management L.P. Grows Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Rockefeller Capital Management L.P. grew its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 16.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 395,809 shares of the closed-end fund’s stock after acquiring an additional 55,532 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Nuveen Municipal Value Fund were worth $3,400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Flagship Wealth Advisors LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 4th quarter worth approximately $27,000. Hurley Capital LLC bought a new position in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $44,000. Barrett & Company Inc. boosted its stake in Nuveen Municipal Value Fund by 70.8% in the fourth quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund’s stock valued at $73,000 after acquiring an additional 3,500 shares during the last quarter. Narwhal Capital Management bought a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter worth about $86,000. Finally, Wealthspire Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at approximately $90,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Down 0.1 %

NUV stock opened at $8.55 on Friday. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $9.15. The business’s fifty day moving average price is $8.73 and its two-hundred day moving average price is $8.79.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.0325 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.56%.

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.