Teachers Insurance & Annuity Association of America Purchases Shares of 91,358 Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Teachers Insurance & Annuity Association of America acquired a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 91,358 shares of the closed-end fund’s stock, valued at approximately $824,000. Nuveen Municipal Value Fund accounts for about 1.3% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 16th biggest holding.

A number of other large investors have also made changes to their positions in NUV. Hobbs Group Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at $36,000. Family Firm Inc. bought a new stake in Nuveen Municipal Value Fund in the second quarter valued at $38,000. Private Trust Co. NA grew its position in Nuveen Municipal Value Fund by 35.7% in the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after acquiring an additional 1,500 shares during the period. Finally, CWM LLC raised its stake in Nuveen Municipal Value Fund by 204.5% during the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after acquiring an additional 6,347 shares in the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Up 1.1 %

Shares of NUV traded up $0.10 during trading hours on Thursday, hitting $8.92. The stock had a trading volume of 376,754 shares, compared to its average volume of 424,907. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.35 and a 52 week high of $9.15. The company’s fifty day moving average is $8.97 and its two-hundred day moving average is $8.79.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.031 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Friday, November 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.