Second Half Financial Partners LLC Makes New Investment in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Second Half Financial Partners LLC bought a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 29,464 shares of the closed-end fund’s stock, valued at approximately $266,000.

A number of other large investors have also recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in Nuveen Municipal Value Fund by 70.2% in the 3rd quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock worth $180,000 after buying an additional 8,247 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Nuveen Municipal Value Fund by 6.9% during the third quarter. Janney Montgomery Scott LLC now owns 164,283 shares of the closed-end fund’s stock worth $1,482,000 after acquiring an additional 10,633 shares during the period. International Assets Investment Management LLC increased its position in shares of Nuveen Municipal Value Fund by 359.8% during the third quarter. International Assets Investment Management LLC now owns 75,916 shares of the closed-end fund’s stock worth $685,000 after acquiring an additional 59,405 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Nuveen Municipal Value Fund by 361.8% during the third quarter. Sheets Smith Wealth Management now owns 67,742 shares of the closed-end fund’s stock valued at $611,000 after acquiring an additional 53,072 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 83.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 29,878 shares of the closed-end fund’s stock valued at $270,000 after purchasing an additional 13,608 shares during the period. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE:NUV opened at $8.77 on Tuesday. The business’s 50 day moving average is $9.00 and its 200 day moving average is $8.78. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.30 and a 52-week high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.031 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.37 annualized dividend and a dividend yield of 4.24%.

Nuveen Municipal Value Fund Profile

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.