MGO One Seven LLC Raises Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

MGO One Seven LLC grew its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 23.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,045 shares of the closed-end fund’s stock after buying an additional 6,139 shares during the period. MGO One Seven LLC’s holdings in Nuveen Municipal Value Fund were worth $275,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NUV. Rivernorth Capital Management LLC raised its position in Nuveen Municipal Value Fund by 9.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock worth $66,935,000 after buying an additional 618,364 shares during the last quarter. Virtu Financial LLC purchased a new position in Nuveen Municipal Value Fund in the 3rd quarter valued at about $307,000. B. Riley Wealth Advisors Inc. increased its stake in Nuveen Municipal Value Fund by 74.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 72,020 shares of the closed-end fund’s stock worth $652,000 after buying an additional 30,704 shares in the last quarter. Breakwater Capital Group raised its holdings in shares of Nuveen Municipal Value Fund by 6.4% during the fourth quarter. Breakwater Capital Group now owns 121,589 shares of the closed-end fund’s stock valued at $1,044,000 after acquiring an additional 7,339 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Municipal Value Fund by 51.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock valued at $11,634,000 after acquiring an additional 457,422 shares in the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Up 0.1 %

Shares of NUV opened at $8.65 on Wednesday. The stock has a 50 day moving average price of $8.70 and a 200 day moving average price of $8.77. Nuveen Municipal Value Fund, Inc. has a one year low of $8.35 and a one year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Tuesday, April 15th.

About Nuveen Municipal Value Fund

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.