Hennion & Walsh Asset Management Inc. Boosts Position in Nuveen Municipal Value Fund, Inc. $NUV

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,368,391 shares of the closed-end fund’s stock after purchasing an additional 450,896 shares during the period. Nuveen Municipal Value Fund comprises approximately 0.8% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 15th biggest holding. Hennion & Walsh Asset Management Inc. owned 1.14% of Nuveen Municipal Value Fund worth $21,268,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Nuveen Municipal Value Fund by 25.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 491,082 shares of the closed-end fund’s stock valued at $4,268,000 after purchasing an additional 100,273 shares during the last quarter. Congress Park Capital LLC raised its position in shares of Nuveen Municipal Value Fund by 17.2% in the 3rd quarter. Congress Park Capital LLC now owns 646,632 shares of the closed-end fund’s stock valued at $5,807,000 after purchasing an additional 95,000 shares in the last quarter. Allworth Financial LP acquired a new stake in Nuveen Municipal Value Fund in the second quarter valued at $752,000. Osaic Holdings Inc. grew its stake in Nuveen Municipal Value Fund by 37.9% in the second quarter. Osaic Holdings Inc. now owns 186,936 shares of the closed-end fund’s stock worth $1,625,000 after purchasing an additional 51,376 shares in the last quarter. Finally, Dynamic Financial Group grew its position in shares of Nuveen Municipal Value Fund by 47.5% in the 2nd quarter. Dynamic Financial Group now owns 153,522 shares of the closed-end fund’s stock worth $1,334,000 after acquiring an additional 49,461 shares in the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE NUV opened at $9.08 on Tuesday. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.38 and a 52-week high of $9.15. The firm’s 50-day moving average price is $9.05 and its two-hundred day moving average price is $8.86.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.0325 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Municipal Value Fund Profile

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.