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

International Assets Investment Management LLC grew its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 359.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,916 shares of the closed-end fund’s stock after buying an additional 59,405 shares during the quarter. International Assets Investment Management LLC’s holdings in Nuveen Municipal Value Fund were worth $685,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NUV. Hobbs Group Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the second quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the second quarter worth approximately $36,000. Family Firm Inc. purchased a new stake in shares of Nuveen Municipal Value Fund during the second quarter worth approximately $38,000. ORG Partners LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the first quarter worth approximately $84,000. Finally, CWM LLC increased its position in shares of Nuveen Municipal Value Fund by 204.5% during the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after purchasing an additional 6,347 shares in the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Up 0.3 %

Shares of NUV opened at $8.93 on Wednesday. The stock has a 50 day moving average price of $8.99 and a 200 day moving average price of $8.76. Nuveen Municipal Value Fund, Inc. has a one year low of $8.27 and a one year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.031 per share. This represents a $0.37 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Municipal Value Fund Company 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.