Nuveen Municipal Value Fund (NYSE:NUV) Sets New 1-Year High – Should You Buy?

Nuveen Municipal Value Fund, Inc. (NYSE:NUV)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $9.18 and last traded at $9.1350, with a volume of 628565 shares changing hands. The stock had previously closed at $9.10.

Nuveen Municipal Value Fund Price Performance

The company’s 50-day moving average price is $9.06 and its 200 day moving average price is $8.89.

Nuveen Municipal Value Fund Dividend Announcement

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

Institutional Investors Weigh In On Nuveen Municipal Value Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Nuveen Municipal Value Fund by 5.4% during the first quarter. Royal Bank of Canada now owns 509,410 shares of the closed-end fund’s stock valued at $4,468,000 after buying an additional 26,282 shares during the period. Goldman Sachs Group Inc. purchased a new position in Nuveen Municipal Value Fund during the 1st quarter valued at about $111,000. Focus Partners Wealth lifted its position in Nuveen Municipal Value Fund by 101.2% during the 1st quarter. Focus Partners Wealth now owns 61,646 shares of the closed-end fund’s stock valued at $541,000 after acquiring an additional 31,000 shares during the period. High Net Worth Advisory Group LLC boosted its stake in Nuveen Municipal Value Fund by 7.7% during the second quarter. High Net Worth Advisory Group LLC now owns 70,000 shares of the closed-end fund’s stock worth $608,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Nuveen Municipal Value Fund by 85.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,021 shares of the closed-end fund’s stock worth $236,000 after purchasing an additional 12,468 shares during the period. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Company 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.