Tortoise Investment Management LLC Boosts Stock Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Tortoise Investment Management LLC boosted its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUVFree Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,762,966 shares of the closed-end fund’s stock after purchasing an additional 495,778 shares during the quarter. Nuveen Municipal Value Fund comprises approximately 2.0% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 9th biggest position. Tortoise Investment Management LLC’s holdings in Nuveen Municipal Value Fund were worth $15,514,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in Nuveen Municipal Value Fund by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 122,309 shares of the closed-end fund’s stock worth $1,052,000 after buying an additional 1,445 shares during the period. Ancora Advisors LLC boosted its holdings in Nuveen Municipal Value Fund by 25.4% in the 3rd quarter. Ancora Advisors LLC now owns 8,233 shares of the closed-end fund’s stock valued at $68,000 after purchasing an additional 1,666 shares during the period. Seelaus Asset Management LLC grew its position in shares of Nuveen Municipal Value Fund by 22.0% during the 3rd quarter. Seelaus Asset Management LLC now owns 22,264 shares of the closed-end fund’s stock worth $184,000 after purchasing an additional 4,014 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at approximately $35,000. Finally, Larson Financial Group LLC bought a new stake in shares of Nuveen Municipal Value Fund in the third quarter valued at approximately $35,000. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

Nuveen Municipal Value Fund stock traded down $0.01 during mid-day trading on Friday, reaching $8.64. 391,261 shares of the company were exchanged, compared to its average volume of 356,852. The company has a fifty day simple moving average of $8.60 and a 200-day simple moving average of $8.59. Nuveen Municipal Value Fund, Inc. has a 12 month low of $7.86 and a 12 month high of $8.93.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.029 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.35 annualized dividend and a yield of 4.03%.

About Nuveen Municipal Value Fund

(Free Report)

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.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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