Institute for Wealth Management LLC. purchased a new position in Nuveen Municipal Value Fund Inc (NYSE:NUV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,135 shares of the closed-end fund’s stock, valued at approximately $181,000.

Other large investors have also recently bought and sold shares of the company. Johnson Financial Group Inc. grew its stake in Nuveen Municipal Value Fund by 13.0% in the second quarter. Johnson Financial Group Inc. now owns 465,952 shares of the closed-end fund’s stock worth $4,641,000 after purchasing an additional 53,656 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Nuveen Municipal Value Fund by 41.2% in the second quarter. Ameriprise Financial Inc. now owns 102,074 shares of the closed-end fund’s stock worth $1,017,000 after purchasing an additional 29,789 shares in the last quarter. Oarsman Capital Inc. grew its stake in Nuveen Municipal Value Fund by 7.2% in the second quarter. Oarsman Capital Inc. now owns 29,900 shares of the closed-end fund’s stock worth $298,000 after purchasing an additional 2,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Nuveen Municipal Value Fund by 9.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 137,736 shares of the closed-end fund’s stock worth $1,372,000 after purchasing an additional 12,036 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in Nuveen Municipal Value Fund by 3.2% in the second quarter. Private Advisor Group LLC now owns 33,396 shares of the closed-end fund’s stock worth $335,000 after purchasing an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 10.00% of the company’s stock.

Nuveen Municipal Value Fund Inc (NUV) traded down 0.29% during trading on Friday, reaching $10.23. The company had a trading volume of 64,328 shares. Nuveen Municipal Value Fund Inc has a 12-month low of $9.34 and a 12-month high of $10.49. The firm has a 50-day moving average price of $10.27 and a 200 day moving average price of $10.06.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 2nd. Stockholders of record on Friday, October 13th will be given a dividend of $0.032 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Thursday, October 12th.

WARNING: This news story was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/10/06/institute-for-wealth-management-llc-invests-181000-in-nuveen-municipal-value-fund-inc-nuv-stock.html.

Nuveen Municipal Value Fund Profile

Nuveen Municipal Value Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s primary objective is to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain territories of the United States.

Want to see what other hedge funds are holding NUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Municipal Value Fund Inc (NYSE:NUV).

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

Receive News & Stock Ratings for Nuveen Municipal Value Fund Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Municipal Value Fund Inc and related stocks with our FREE daily email newsletter.