Ibex Wealth Advisors Makes New Investment in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Ibex Wealth Advisors purchased a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 173,477 shares of the closed-end fund’s stock, valued at approximately $1,490,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Private Trust Co. NA raised its position in Nuveen Municipal Value Fund by 35.7% in the 3rd quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after buying an additional 1,500 shares during the last quarter. CWM LLC raised its position in Nuveen Municipal Value Fund by 204.5% in the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after buying an additional 6,347 shares during the last quarter. Narwhal Capital Management purchased a new stake in Nuveen Municipal Value Fund in the 4th quarter valued at $86,000. Radnor Capital Management LLC purchased a new stake in Nuveen Municipal Value Fund in the 3rd quarter valued at $90,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Nuveen Municipal Value Fund in the 3rd quarter valued at $90,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Trading Down 0.2 %

NYSE NUV traded down $0.02 on Wednesday, reaching $8.71. The company had a trading volume of 54,860 shares, compared to its average volume of 394,359. The company’s fifty day moving average is $8.72 and its 200 day moving average is $8.84. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.35 and a 52-week high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Wednesday, January 15th.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.