NINE MASTS CAPITAL Ltd Invests $1.57 Million in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

NINE MASTS CAPITAL Ltd acquired a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 182,246 shares of the closed-end fund’s stock, valued at approximately $1,573,000.

A number of other hedge funds have also bought and sold shares of NUV. UBS Group AG grew 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 acquiring an additional 1,208,804 shares during the period. 1607 Capital Partners LLC increased its holdings in 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 worth $29,283,000 after purchasing an additional 223,392 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in Nuveen Municipal Value Fund by 11.3% in the second quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock valued at $17,257,000 after buying an additional 202,782 shares during the period. Granby Capital Management LLC boosted its holdings in shares of 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 buying an additional 250,000 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Nuveen Municipal Value Fund by 7.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,218,863 shares of the closed-end fund’s stock worth $10,519,000 after buying an additional 85,446 shares during the period. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Up 0.2 %

Nuveen Municipal Value Fund stock opened at $8.99 on Thursday. The firm’s fifty day moving average is $8.78 and its 200 day moving average is $8.65. Nuveen Municipal Value Fund, Inc. has a 12-month low of $7.86 and a 12-month high of $9.03.

Nuveen Municipal Value Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.031 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 4.14%.

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.