Nomura Holdings Inc. Invests $356,000 in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Nomura Holdings Inc. purchased a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 41,400 shares of the closed-end fund’s stock, valued at approximately $356,000.

Several other institutional investors have also modified their holdings of the company. Focus Partners Wealth purchased a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $263,000. Cahill Financial Advisors Inc. purchased a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $112,000. Cary Street Partners Financial LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $202,000. Ameriprise Financial Inc. raised its position in shares of Nuveen Municipal Value Fund by 5.8% during the 4th quarter. Ameriprise Financial Inc. now owns 283,822 shares of the closed-end fund’s stock worth $2,438,000 after purchasing an additional 15,529 shares during the last quarter. Finally, South Plains Financial Inc. acquired a new position in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of Nuveen Municipal Value Fund stock opened at $8.49 on Friday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.35 and a 1 year high of $9.15. The business has a 50 day moving average price of $8.64 and a 200 day moving average price of $8.73.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.59%.

Nuveen Municipal Value Fund 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.