Breakwater Capital Group Acquires 72,664 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Breakwater Capital Group increased its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 78.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,409 shares of the closed-end fund’s stock after acquiring an additional 72,664 shares during the period. Breakwater Capital Group’s holdings in Nuveen Municipal Value Fund were worth $1,441,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NUV. LPL Financial LLC grew its position in Nuveen Municipal Value Fund by 6.4% during the 3rd quarter. LPL Financial LLC now owns 1,018,508 shares of the closed-end fund’s stock worth $8,413,000 after acquiring an additional 61,190 shares during the last quarter. Mariner LLC boosted its position in Nuveen Municipal Value Fund by 204.9% in the 3rd quarter. Mariner LLC now owns 79,279 shares of the closed-end fund’s stock valued at $655,000 after buying an additional 53,280 shares during the last quarter. Stifel Financial Corp boosted its position in Nuveen Municipal Value Fund by 11.8% in the 3rd quarter. Stifel Financial Corp now owns 923,298 shares of the closed-end fund’s stock valued at $7,626,000 after buying an additional 97,507 shares during the last quarter. Ancora Advisors LLC boosted its position in Nuveen Municipal Value Fund by 25.4% in the 3rd quarter. Ancora Advisors LLC now owns 8,233 shares of the closed-end fund’s stock valued at $68,000 after buying an additional 1,666 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Nuveen Municipal Value Fund by 10.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 555,335 shares of the closed-end fund’s stock valued at $4,587,000 after buying an additional 52,991 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Up 0.8 %

NUV traded up $0.07 during mid-day trading on Friday, reaching $8.63. The stock had a trading volume of 566,495 shares, compared to its average volume of 431,670. The firm’s fifty day simple moving average is $8.54 and its two-hundred day simple moving average is $8.63. Nuveen Municipal Value Fund, Inc. has a 52 week low of $7.86 and a 52 week high of $8.93.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a $0.029 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.35 dividend on an annualized basis and a yield of 4.03%.

Nuveen Municipal Value Fund 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.