Nuveen Municipal Value Fund (NYSE:NUV) Reaches New 52-Week High – Here’s Why

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $9.23 and last traded at $9.2050, with a volume of 55540 shares traded. The stock had previously closed at $9.20.

Nuveen Municipal Value Fund Price Performance

The business’s 50 day moving average is $9.08 and its 200 day moving average is $8.98.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be given a dividend of $0.0325 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, February 13th.

Institutional Trading of Nuveen Municipal Value Fund

Hedge funds have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in Nuveen Municipal Value Fund by 166.5% during the fourth quarter. Hantz Financial Services Inc. now owns 3,059 shares of the closed-end fund’s stock valued at $28,000 after purchasing an additional 1,911 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Nuveen Municipal Value Fund during the 4th quarter valued at $28,000. Camelot Portfolios LLC acquired a new position in shares of Nuveen Municipal Value Fund in the fourth quarter worth $45,000. EQ Wealth Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter worth $47,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter worth $50,000. 22.50% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Municipal Value Fund

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.