Hennion & Walsh Asset Management Inc. Buys 250,517 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 38.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 896,990 shares of the closed-end fund’s stock after purchasing an additional 250,517 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Nuveen Municipal Value Fund were worth $8,091,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NUV. Williams Financial LLC acquired a new position in Nuveen Municipal Value Fund during the second quarter worth $2,661,000. Tortoise Investment Management LLC boosted its holdings in Nuveen Municipal Value Fund by 11.3% during the second quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock worth $17,257,000 after purchasing an additional 202,782 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in Nuveen Municipal Value Fund during the second quarter worth $1,573,000. Congress Park Capital LLC boosted its holdings in Nuveen Municipal Value Fund by 95.4% during the first quarter. Congress Park Capital LLC now owns 347,882 shares of the closed-end fund’s stock worth $3,030,000 after purchasing an additional 169,840 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Nuveen Municipal Value Fund in the second quarter valued at $753,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Down 1.1 %

Shares of NUV stock opened at $8.94 on Thursday. The company has a fifty day moving average price of $8.98 and a two-hundred day moving average price of $8.73. Nuveen Municipal Value Fund, Inc. has a one year low of $7.86 and a one year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.031 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.