Nuveen Municipal Value Fund (NYSE:NUV) Insider Young Robert Acquires 36,430 Shares of Stock

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) insider Young Robert bought 36,430 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The shares were purchased at an average cost of $8.25 per share, for a total transaction of $300,547.50. Following the purchase, the insider owned 36,430 shares in the company, valued at $300,547.50. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Nuveen Municipal Value Fund Stock Performance

Shares of Nuveen Municipal Value Fund stock opened at $8.32 on Wednesday. The business has a 50-day moving average of $8.52 and a 200 day moving average of $8.97. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.02 and a 12 month high of $9.26.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NUV. Hennion & Walsh Asset Management Inc. increased its stake in Nuveen Municipal Value Fund by 17.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock worth $26,390,000 after buying an additional 422,222 shares during the period. Bank of America Corp DE acquired a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth approximately $11,867,000. Van ECK Associates Corp boosted its position in Nuveen Municipal Value Fund by 3.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,098,087 shares of the closed-end fund’s stock valued at $10,124,000 after buying an additional 31,841 shares during the period. Royal Bank of Canada boosted its stake in shares of Nuveen Municipal Value Fund by 8.7% in the 1st quarter. Royal Bank of Canada now owns 620,206 shares of the closed-end fund’s stock valued at $5,576,000 after buying an additional 49,645 shares during the period. Finally, Tortoise Investment Management LLC acquired a new position in shares of Nuveen Municipal Value Fund during the second quarter worth about $4,703,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

About Nuveen Municipal Value Fund

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.