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

Tortoise Investment Management LLC grew its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUVFree Report) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,611,003 shares of the closed-end fund’s stock after buying an additional 343,815 shares during the period. Nuveen Municipal Value Fund accounts for approximately 1.9% of Tortoise Investment Management LLC’s investment portfolio, making the stock its 11th largest position. Tortoise Investment Management LLC owned 0.78% of Nuveen Municipal Value Fund worth $13,855,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NUV. Sound Income Strategies LLC purchased a new position in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $35,000. Ancora Advisors LLC boosted its position in shares of Nuveen Municipal Value Fund by 25.4% during the 3rd quarter. Ancora Advisors LLC now owns 8,233 shares of the closed-end fund’s stock worth $68,000 after purchasing an additional 1,666 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $92,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $96,000. Finally, King Luther Capital Management Corp purchased a new position in shares of Nuveen Municipal Value Fund during the 4th quarter worth approximately $98,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NYSE:NUV traded up $0.05 during mid-day trading on Friday, reaching $8.55. 499,688 shares of the company were exchanged, compared to its average volume of 442,693. The firm’s 50-day simple moving average is $8.53 and its 200 day simple moving average is $8.62. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $8.93.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.029 per share. The ex-dividend date is Friday, June 14th. This represents a $0.35 dividend on an annualized basis and a yield of 4.07%.

Nuveen Municipal Value Fund Profile

(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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