Nuveen Municipal Value Fund, Inc. $NUV Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 17.3% during the second quarter, Holdings Channel.com reports. The firm owned 2,862,303 shares of the closed-end fund’s stock after buying an additional 422,222 shares during the period. Nuveen Municipal Value Fund accounts for about 0.8% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 20th largest holding. Hennion & Walsh Asset Management Inc.’s holdings in Nuveen Municipal Value Fund were worth $26,390,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NUV. EverSource Wealth Advisors LLC acquired a new position in shares of Nuveen Municipal Value Fund in the fourth quarter valued at approximately $28,000. Hantz Financial Services Inc. lifted its stake in shares of Nuveen Municipal Value Fund by 166.5% during the fourth quarter. Hantz Financial Services Inc. now owns 3,059 shares of the closed-end fund’s stock valued at $28,000 after buying an additional 1,911 shares during the period. Camelot Portfolios LLC acquired a new stake in Nuveen Municipal Value Fund during the fourth quarter worth approximately $45,000. EQ Wealth Advisors LLC purchased a new stake in Nuveen Municipal Value Fund in the 4th quarter worth approximately $47,000. Finally, International Assets Investment Management LLC purchased a new stake in Nuveen Municipal Value Fund in the 4th quarter worth approximately $50,000. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Trading Up 0.5%

Shares of NUV opened at $9.07 on Friday. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $9.26. The stock has a fifty day moving average of $9.13 and a two-hundred day moving average of $9.13.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $0.0325 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.