Concurrent Investment Advisors LLC Acquires 11,080 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Concurrent Investment Advisors LLC lifted its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 30.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 47,318 shares of the closed-end fund’s stock after buying an additional 11,080 shares during the period. Concurrent Investment Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $406,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Corps Capital Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the 4th quarter worth about $202,000. Good Life Advisors LLC raised its position in shares of Nuveen Municipal Value Fund by 2.9% in the 4th quarter. Good Life Advisors LLC now owns 41,961 shares of the closed-end fund’s stock worth $360,000 after acquiring an additional 1,186 shares in the last quarter. Callahan Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the 4th quarter worth about $806,000. Atria Wealth Solutions Inc. bought a new position in shares of Nuveen Municipal Value Fund in the 4th quarter worth about $548,000. Finally, Venturi Wealth Management LLC raised its position in shares of Nuveen Municipal Value Fund by 34.9% in the 4th quarter. Venturi Wealth Management LLC now owns 71,259 shares of the closed-end fund’s stock worth $612,000 after acquiring an additional 18,418 shares in the last quarter. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

NUV stock opened at $8.86 on Tuesday. The stock has a 50-day moving average price of $8.71 and a 200-day moving average price 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 announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders 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 annualized dividend and a dividend 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.