Nuveen Municipal Value Fund (NYSE:NUV) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $8.94 and traded as low as $8.23. Nuveen Municipal Value Fund shares last traded at $8.2590, with a volume of 1,523,189 shares.

Nuveen Municipal Value Fund Trading Down 0.2%

The company’s 50-day moving average is $8.59 and its 200 day moving average is $8.94.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be given a $0.0325 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.7%.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

Several hedge funds have recently modified their holdings of NUV. Bank of America Corp DE purchased a new stake in Nuveen Municipal Value Fund in the 2nd quarter worth $11,867,000. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal Value Fund by 17.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock worth $26,390,000 after acquiring an additional 422,222 shares during the period. Sanctuary Advisors LLC purchased a new position in Nuveen Municipal Value Fund during the second quarter valued at $2,058,000. Tandem Financial LLC purchased a new position in Nuveen Municipal Value Fund during the second quarter valued at $1,412,000. Finally, Ehrlich Financial Group lifted its holdings in Nuveen Municipal Value Fund by 210.8% during the second quarter. Ehrlich Financial Group now owns 356,385 shares of the closed-end fund’s stock valued at $3,286,000 after purchasing an additional 241,716 shares in the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund, Inc is a closed-end fund listed on the New York Stock Exchange under the symbol NUV. The fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, cities, counties, and other governmental entities in the United States.

Its portfolio may include a range of tax-exempt obligations, such as general obligation bonds, revenue bonds, and other municipal debt securities.