ORG Partners LLC Acquires New Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

ORG Partners LLC acquired a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,624 shares of the closed-end fund’s stock, valued at approximately $84,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Optimum Investment Advisors raised its position in Nuveen Municipal Value Fund by 46.6% during the 4th quarter. Optimum Investment Advisors now owns 50,972 shares of the closed-end fund’s stock worth $438,000 after buying an additional 16,200 shares during the last quarter. Sound Income Strategies LLC purchased a new position in Nuveen Municipal Value Fund during the 4th quarter worth approximately $35,000. Clarity Financial LLC purchased a new position in Nuveen Municipal Value Fund during the 4th quarter worth approximately $105,000. Advisor Resource Council purchased a new position in Nuveen Municipal Value Fund during the 4th quarter worth approximately $150,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in Nuveen Municipal Value Fund by 44.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 621,115 shares of the closed-end fund’s stock worth $5,342,000 after buying an additional 191,461 shares during the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

NUV traded up $0.03 during trading on Friday, reaching $8.75. 427,118 shares of the company’s stock were exchanged, compared to its average volume of 411,951. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $8.93. The company’s fifty day simple moving average is $8.57 and its 200-day simple moving average is $8.63.

Nuveen Municipal Value Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a dividend of $0.029 per share. The ex-dividend date is Monday, July 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.98%.

Nuveen Municipal Value Fund Company 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.