3,125 Shares in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Purchased by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 3,125 shares of the closed-end fund’s stock, valued at approximately $27,000.

Several other large investors also recently bought and sold shares of NUV. Raymond James Financial Inc. purchased a new stake in Nuveen Municipal Value Fund during the 4th quarter valued at about $19,874,000. Kovitz Investment Group Partners LLC purchased a new stake in Nuveen Municipal Value Fund during the 3rd quarter valued at about $10,409,000. Rivernorth Capital Management LLC grew its stake 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 valued at $66,935,000 after acquiring an additional 618,364 shares in the last quarter. Essential Planning LLC. purchased a new stake in shares of Nuveen Municipal Value Fund in the 4th quarter valued at approximately $4,691,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen Municipal Value Fund by 51.0% in the 4th 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 buying an additional 457,422 shares during the period. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

Nuveen Municipal Value Fund stock opened at $8.66 on Wednesday. The firm has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $8.85. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0325 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.39 annualized dividend and a dividend yield of 4.51%.

Nuveen Municipal Value Fund Company Profile

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.