Nuveen Municipal Value Fund (NYSE:NUV) Reaches New 12-Month Low – What’s Next?

Nuveen Municipal Value Fund, Inc. (NYSE:NUV)’s stock price hit a new 52-week low on Monday. The company traded as low as $8.05 and last traded at $8.0150, with a volume of 1100901 shares traded. The stock had previously closed at $8.18.

Nuveen Municipal Value Fund Stock Down 0.7%

The firm’s fifty day moving average price is $8.88 and its 200-day moving average price is $9.04.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC bought a new stake in Nuveen Municipal Value Fund in the second quarter worth about $27,000. Hantz Financial Services Inc. raised its holdings in shares of Nuveen Municipal Value Fund by 166.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,059 shares of the closed-end fund’s stock worth $28,000 after purchasing an additional 1,911 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in Nuveen Municipal Value Fund during the fourth quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. bought a new stake in Nuveen Municipal Value Fund during the second quarter worth approximately $39,000. Finally, SVRN Asset Management LLC acquired a new position in Nuveen Municipal Value Fund in the fourth quarter worth approximately $94,000. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund (NYSE: NUV) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.