Nuveen Municipal Value Fund, Inc. (NUV) to Issue Monthly Dividend of $0.03 on June 1st

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) declared a monthly dividend on Friday, May 1st. Investors of record on Friday, May 15th will be given a dividend of 0.0325 per share by the closed-end fund on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, May 15th.

Nuveen Municipal Value Fund Trading Down 0.4%

NYSE:NUV traded down $0.04 during mid-day trading on Wednesday, reaching $9.18. 231,362 shares of the stock were exchanged, compared to its average volume of 494,648. The company has a 50 day simple moving average of $9.13 and a 200-day simple moving average of $9.10. Nuveen Municipal Value Fund has a 1 year low of $8.43 and a 1 year high of $9.26.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new position in Nuveen Municipal Value Fund during the 4th quarter worth $28,000. Hantz Financial Services Inc. raised its position in Nuveen Municipal Value Fund by 166.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,059 shares of the closed-end fund’s stock worth $28,000 after buying an additional 1,911 shares during the last quarter. Camelot Portfolios LLC purchased a new position in Nuveen Municipal Value Fund during the 4th quarter worth $45,000. EQ Wealth Advisors LLC purchased a new position in Nuveen Municipal Value Fund during the 4th quarter worth $47,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at approximately $50,000. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen Municipal Value Fund

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.