Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 169,053 shares of the closed-end fund’s stock after acquiring an additional 4,770 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nuveen Municipal Value Fund were worth $1,452,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NUV. Rivernorth Capital Management LLC increased its position in shares of Nuveen Municipal Value Fund by 9.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after purchasing an additional 618,364 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Nuveen Municipal Value Fund by 51.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock valued at $11,634,000 after purchasing an additional 457,422 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Nuveen Municipal Value Fund in the third quarter worth approximately $10,409,000. Chicago Partners Investment Group LLC raised its holdings in shares of Nuveen Municipal Value Fund by 4.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 745,472 shares of the closed-end fund’s stock valued at $6,657,000 after purchasing an additional 29,351 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 3.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 664,578 shares of the closed-end fund’s stock valued at $5,994,000 after acquiring an additional 22,497 shares during the last quarter. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Up 0.2 %

Shares of NUV opened at $8.82 on Tuesday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.35 and a one year high of $9.15. The company’s fifty day moving average price is $8.72 and its 200 day moving average price is $8.84.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 3rd. Investors of record on Wednesday, January 15th were given a $0.0325 dividend. The ex-dividend date was Wednesday, January 15th. This represents a $0.39 annualized dividend and a yield of 4.42%.

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.