Hennion & Walsh Asset Management Inc. Increases Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Hennion & Walsh Asset Management Inc. grew its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 618,073 shares of the closed-end fund’s stock after buying an additional 3,699 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Nuveen Municipal Value Fund were worth $5,383,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. UBS Group AG lifted its holdings in Nuveen Municipal Value Fund by 27.5% during the 4th quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock worth $48,221,000 after buying an additional 1,208,804 shares in the last quarter. 1607 Capital Partners LLC raised its stake in shares of Nuveen Municipal Value Fund by 7.0% in the fourth quarter. 1607 Capital Partners LLC now owns 3,405,045 shares of the closed-end fund’s stock valued at $29,283,000 after acquiring an additional 223,392 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in Nuveen Municipal Value Fund by 39.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,762,966 shares of the closed-end fund’s stock valued at $15,514,000 after purchasing an additional 495,778 shares during the period. Van ECK Associates Corp grew its stake in Nuveen Municipal Value Fund by 15.2% during the 4th quarter. Van ECK Associates Corp now owns 1,469,667 shares of the closed-end fund’s stock worth $12,639,000 after purchasing an additional 194,096 shares in the last quarter. Finally, Granby Capital Management LLC increased its holdings in Nuveen Municipal Value Fund by 23.8% during the 4th quarter. Granby Capital Management LLC now owns 1,300,000 shares of the closed-end fund’s stock worth $11,180,000 after purchasing an additional 250,000 shares during the period. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV traded up $0.07 during midday trading on Friday, hitting $8.63. The company had a trading volume of 566,495 shares, compared to its average volume of 431,670. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $8.93. The company’s 50-day simple moving average is $8.54 and its 200-day simple moving average is $8.62.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.029 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.35 dividend on an annualized basis and a yield of 4.03%.

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.