Capital Square LLC Takes Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Capital Square LLC purchased a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 50,920 shares of the closed-end fund’s stock, valued at approximately $459,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its stake in shares of Nuveen Municipal Value Fund by 35.7% in the 3rd quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after purchasing an additional 1,500 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its position in Nuveen Municipal Value Fund by 12.1% during the third quarter. Sheaff Brock Investment Advisors LLC now owns 14,800 shares of the closed-end fund’s stock valued at $133,000 after acquiring an additional 1,600 shares during the last quarter. Good Life Advisors LLC raised its stake in shares of Nuveen Municipal Value Fund by 5.5% in the third quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock valued at $368,000 after acquiring an additional 2,135 shares during the period. Saxony Capital Management LLC raised its stake in shares of Nuveen Municipal Value Fund by 21.3% in the second quarter. Saxony Capital Management LLC now owns 14,250 shares of the closed-end fund’s stock valued at $123,000 after acquiring an additional 2,500 shares during the period. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

NYSE:NUV traded up $0.05 during mid-day trading on Monday, hitting $8.84. 27,999 shares of the stock traded hands, compared to its average volume of 423,460. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.35 and a 52 week high of $9.15. The firm’s 50 day moving average is $8.98 and its two-hundred day moving average is $8.79.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.031 dividend. This represents a $0.37 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend is Friday, November 15th.

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.