Pettinga Financial Advisors LLC Purchases 51,007 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Pettinga Financial Advisors LLC increased its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 38.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 185,157 shares of the closed-end fund’s stock after buying an additional 51,007 shares during the quarter. Pettinga Financial Advisors LLC owned 0.09% of Nuveen Municipal Value Fund worth $1,613,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC raised its position in Nuveen Municipal Value Fund by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 122,309 shares of the closed-end fund’s stock valued at $1,052,000 after purchasing an additional 1,445 shares during the last quarter. Ancora Advisors LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 25.4% in the third 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 14.0% in the first quarter. International Assets Investment Management LLC now owns 16,496 shares of the closed-end fund’s stock valued at $143,000 after purchasing an additional 2,023 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Nuveen Municipal Value Fund by 0.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 618,073 shares of the closed-end fund’s stock valued at $5,383,000 after purchasing an additional 3,699 shares in the last quarter. Finally, Seelaus Asset Management LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 22.0% in the third quarter. Seelaus Asset Management LLC now owns 22,264 shares of the closed-end fund’s stock valued at $184,000 after purchasing an additional 4,014 shares in the last quarter. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of Nuveen Municipal Value Fund stock opened at $8.63 on Monday. The stock’s 50-day moving average is $8.54 and its 200-day moving average is $8.63. Nuveen Municipal Value Fund, Inc. has a one year low of $7.86 and a one year high of $8.93.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors 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 annualized dividend and a yield of 4.03%.

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.