Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shareholders to Collect $0.03 Monthly Dividend

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) declared a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.0325 per share by the closed-end fund on Tuesday, December 1st. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, November 13th.

Nuveen Municipal Value Fund Stock Performance

Nuveen Municipal Value Fund stock opened at $8.36 on Tuesday. Nuveen Municipal Value Fund has a 1-year low of $8.02 and a 1-year high of $9.26. The firm’s fifty day simple moving average is $8.47 and its 200-day simple moving average is $8.96.

Insider Buying and Selling

In other news, insider Young L. Robert purchased 36,430 shares of the company’s stock in a transaction dated Friday, October 23rd. The shares were bought at an average price of $8.25 per share, with a total value of $300,547.50. Following the completion of the transaction, the insider directly owned 36,430 shares in the company, valued at $300,547.50. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Institutional Trading of Nuveen Municipal Value Fund

Several large investors have recently modified their holdings of the company. Bank of America Corp DE bought a new position in Nuveen Municipal Value Fund in the 2nd quarter worth $11,867,000. Tortoise Investment Management LLC acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter worth $4,703,000. Hennion & Walsh Asset Management Inc. boosted its holdings 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 valued at $26,390,000 after acquiring an additional 422,222 shares during the period. Ehrlich Financial Group boosted 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 acquiring an additional 241,716 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the second quarter valued at about $2,058,000. 22.50% of the stock is owned by institutional investors.

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.