U.S. Capital Wealth Advisors LLC Purchases Shares of 3,656 Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Posted by on May 3rd, 2023

U.S. Capital Wealth Advisors LLC purchased a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,656 shares of the closed-end fund’s stock, valued at approximately $31,000.

A number of other hedge funds have also modified their holdings of the business. Citigroup Inc. grew its position in Nuveen Municipal Value Fund by 98.7% in the 1st quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund’s stock valued at $29,000 after buying an additional 1,481 shares during the last quarter. Providence First Trust Co purchased a new stake in Nuveen Municipal Value Fund during the 3rd quarter worth about $30,000. McElhenny Sheffield Capital Management LLC purchased a new stake in Nuveen Municipal Value Fund during the 4th quarter worth about $38,000. Romano Brothers AND Company purchased a new stake in Nuveen Municipal Value Fund during the 4th quarter worth about $42,000. Finally, International Assets Investment Management LLC purchased a new stake in Nuveen Municipal Value Fund during the 3rd quarter worth about $85,000. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Up 0.1 %

Nuveen Municipal Value Fund stock opened at $8.78 on Wednesday. The stock has a 50-day moving average price of $8.79 and a 200 day moving average price of $8.74. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.25 and a 52 week high of $9.56.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 1st. Stockholders of record on Friday, April 14th were issued a dividend of $0.028 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Thursday, April 13th.

About Nuveen Municipal Value Fund

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Nuveen Municipal Value Fund, Inc is a closed-end diversified management investment fund. Its objective is current income exempt from federal income taxes and its secondary objective is the enhancement of portfolio value through selection of tax-exempt bonds and municipal market sectors. The company was founded on April 8, 1987 and is headquartered in Chicago, IL.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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