Good Life Advisors LLC Grows Stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Good Life Advisors LLC lifted its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 41,961 shares of the closed-end fund’s stock after buying an additional 1,186 shares during the period. Good Life Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Trust Co. NA grew its position in Nuveen Municipal Value Fund by 35.7% during the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock worth $51,000 after buying an additional 1,500 shares in the last quarter. Barrett & Company Inc. grew its holdings in shares of Nuveen Municipal Value Fund by 70.8% during the fourth quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund’s stock worth $73,000 after purchasing an additional 3,500 shares in the last quarter. CWM LLC increased its position in shares of Nuveen Municipal Value Fund by 204.5% in the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after purchasing an additional 6,347 shares during the last quarter. Narwhal Capital Management purchased a new stake in Nuveen Municipal Value Fund in the fourth quarter valued at approximately $86,000. Finally, Radnor Capital Management LLC bought a new stake in Nuveen Municipal Value Fund during the third quarter valued at approximately $90,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

NUV stock opened at $8.87 on Friday. The firm has a 50 day simple moving average of $8.70 and a two-hundred day simple moving average of $8.85. 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 company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.0325 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.39 dividend on an annualized basis and a yield of 4.40%.

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.