Nuveen Municipal Value Fund (NYSE:NUV) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $8.42 and traded as high as $8.50. Nuveen Municipal Value Fund shares last traded at $8.4740, with a volume of 635,538 shares traded.

Nuveen Municipal Value Fund Trading Up 1.4%

The business has a fifty day moving average price of $8.42 and a 200-day moving average price of $8.94.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a dividend of $0.0325 per share. The ex-dividend date is Friday, November 13th. This represents a $0.39 dividend on an annualized basis and a yield of 4.6%.

Insider Buying and Selling at Nuveen Municipal Value Fund

In other Nuveen Municipal Value Fund news, insider Young L. Robert purchased 36,430 shares of Nuveen Municipal Value Fund stock in a transaction dated Friday, October 23rd. The shares were acquired at an average cost of $8.25 per share, with a total value of $300,547.50. Following the completion of the transaction, the insider owned 36,430 shares in the company, valued at approximately $300,547.50. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

A number of institutional investors and hedge funds have recently bought and sold shares of NUV. Global Retirement Partners LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the second quarter worth about $27,000. Northwestern Mutual Wealth Management Co. bought a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at $39,000. ProVise Management Group LLC acquired a new stake in Nuveen Municipal Value Fund in the second quarter valued at approximately $96,000. Bank of New York Mellon Corp bought a new position in shares of Nuveen Municipal Value Fund in the first quarter valued at $94,000. Finally, Narwhal Capital Management purchased a new position in Nuveen Municipal Value Fund during the 3rd quarter valued at about $88,000. 22.50% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund, Inc is a closed-end fund listed on the New York Stock Exchange under the symbol NUV. The fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, cities, counties, and other governmental entities in the United States.

Its portfolio may include a range of tax-exempt obligations, such as general obligation bonds, revenue bonds, and other municipal debt securities.