Oppenheimer & Co. Inc. Takes Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Oppenheimer & Co. Inc. purchased a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,000 shares of the closed-end fund’s stock, valued at approximately $90,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NUV. Pathway Financial Advisers LLC acquired a new position in shares of Nuveen Municipal Value Fund in the first quarter valued at approximately $532,000. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in shares of Nuveen Municipal Value Fund by 2.8% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 122,687 shares of the closed-end fund’s stock valued at $1,066,000 after buying an additional 3,303 shares during the period. Congress Park Capital LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 41.7% in the second quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock valued at $4,254,000 after buying an additional 145,000 shares during the period. Roman Butler Fullerton & Co. boosted its holdings in Nuveen Municipal Value Fund by 22.8% during the second quarter. Roman Butler Fullerton & Co. now owns 135,508 shares of the closed-end fund’s stock worth $1,171,000 after purchasing an additional 25,183 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in Nuveen Municipal Value Fund by 102.6% during the second quarter. ORG Partners LLC now owns 19,499 shares of the closed-end fund’s stock worth $168,000 after purchasing an additional 9,875 shares during the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV opened at $8.79 on Friday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15. The firm has a fifty day simple moving average of $8.98 and a 200 day simple moving average of $8.79.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.031 per share. This represents a $0.37 annualized dividend and a yield of 4.23%. The ex-dividend date is Friday, November 15th.

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.