Nuveen Municipal Value Fund (NYSE:NUV) Sees Unusually-High Trading Volume – What’s Next?

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) saw strong trading volume on Thursday . Approximately 1,306,833 shares traded hands during mid-day trading, an increase of 147% from the previous session’s volume of 528,150 shares.The stock last traded at $8.1550 and had previously closed at $8.24.

Nuveen Municipal Value Fund Price Performance

The business has a 50-day moving average of $8.92 and a 200-day moving average of $9.05.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0325 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

A number of hedge funds have recently modified their holdings of NUV. Global Retirement Partners LLC acquired a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth $27,000. Hantz Financial Services Inc. increased its stake in Nuveen Municipal Value Fund by 166.5% in the fourth quarter. Hantz Financial Services Inc. now owns 3,059 shares of the closed-end fund’s stock valued at $28,000 after purchasing an additional 1,911 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Nuveen Municipal Value Fund in the fourth quarter valued at $28,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Nuveen Municipal Value Fund in the second quarter valued at about $39,000. Finally, SVRN Asset Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $94,000. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund (NYSE: NUV) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.