Hilltop Holdings Inc. Boosts Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Hilltop Holdings Inc. lifted its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,516 shares of the closed-end fund’s stock after buying an additional 7,564 shares during the period. Hilltop Holdings Inc.’s holdings in Nuveen Municipal Value Fund were worth $618,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Williams Financial LLC purchased a new stake in Nuveen Municipal Value Fund during the 2nd quarter valued at $2,661,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen Municipal Value Fund by 38.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock worth $8,091,000 after purchasing an additional 250,517 shares during the period. Tortoise Investment Management LLC grew its stake in shares of Nuveen Municipal Value Fund by 11.3% in 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 purchased a new position in Nuveen Municipal Value Fund during the 2nd quarter valued at about $1,573,000. Finally, Congress Park Capital LLC raised its position in Nuveen Municipal Value Fund by 41.7% during the 2nd quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock valued at $4,254,000 after purchasing an additional 145,000 shares during the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Down 0.7 %

NYSE NUV opened at $8.88 on Friday. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $9.15. The stock has a 50 day simple moving average of $8.96 and a two-hundred day simple moving average of $8.80.

Nuveen Municipal Value Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 4.39%. The ex-dividend date is Friday, December 13th.

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.