Elequin Capital LP Purchases New Shares in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Elequin Capital LP acquired a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the fourth quarter, Holdings Channel reports. The fund acquired 8,763 shares of the closed-end fund’s stock, valued at approximately $75,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Good Life Advisors LLC increased its stake in Nuveen Municipal Value Fund by 2.9% during the 4th quarter. Good Life Advisors LLC now owns 41,961 shares of the closed-end fund’s stock worth $360,000 after acquiring an additional 1,186 shares during the period. Mariner LLC increased its position in shares of Nuveen Municipal Value Fund by 2.5% in the fourth quarter. Mariner LLC now owns 56,910 shares of the closed-end fund’s stock worth $489,000 after purchasing an additional 1,390 shares during the period. Optimum Investment Advisors lifted its position in Nuveen Municipal Value Fund by 3.0% during the fourth quarter. Optimum Investment Advisors now owns 51,200 shares of the closed-end fund’s stock worth $440,000 after purchasing an additional 1,500 shares during the period. Roman Butler Fullerton & Co. grew its stake in Nuveen Municipal Value Fund by 1.1% during the fourth quarter. Roman Butler Fullerton & Co. now owns 175,887 shares of the closed-end fund’s stock worth $1,537,000 after buying an additional 1,910 shares in the last quarter. Finally, Moloney Securities Asset Management LLC increased its holdings in Nuveen Municipal Value Fund by 10.2% in the 4th quarter. Moloney Securities Asset Management LLC now owns 22,039 shares of the closed-end fund’s stock valued at $189,000 after buying an additional 2,039 shares during the period. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Down 0.2%

Shares of Nuveen Municipal Value Fund stock opened at $8.56 on Wednesday. The company has a 50 day moving average of $8.65 and a 200-day moving average of $8.73. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.56%. The ex-dividend date is Thursday, May 15th.

Nuveen Municipal Value Fund Company Profile

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.