Essential Planning LLC. Purchases New Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Essential Planning LLC. bought a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 527,488 shares of the closed-end fund’s stock, valued at approximately $4,691,000.

Several other large investors also recently modified their holdings of the stock. Rivernorth Capital Management LLC grew its holdings in shares of 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 worth $66,935,000 after purchasing an additional 618,364 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Nuveen Municipal Value Fund in the fourth quarter valued at about $19,874,000. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal Value Fund by 51.0% in the fourth 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 purchasing an additional 457,422 shares during the last quarter. Van ECK Associates Corp raised its position in Nuveen Municipal Value Fund by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 1,237,733 shares of the closed-end fund’s stock valued at $10,632,000 after purchasing an additional 52,200 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in Nuveen Municipal Value Fund in the third quarter valued at about $10,409,000. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Trading Down 0.2 %

Nuveen Municipal Value Fund stock opened at $8.79 on Wednesday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15. The stock has a 50-day moving average price of $8.77 and a two-hundred day moving average price of $8.85.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0325 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.39 annualized dividend and a yield of 4.44%.

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.