Avantax Advisory Services Inc. Invests $120,000 in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Avantax Advisory Services Inc. acquired a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,007 shares of the closed-end fund’s stock, valued at approximately $120,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Private Trust Co. NA raised its stake in Nuveen Municipal Value Fund by 35.7% in the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after buying an additional 1,500 shares during the last quarter. Teachers Insurance & Annuity Association of America purchased a new position in shares of Nuveen Municipal Value Fund in the 3rd quarter valued at approximately $824,000. Icon Wealth Advisors LLC purchased a new position in shares of Nuveen Municipal Value Fund in the 3rd quarter valued at approximately $119,000. Benjamin Edwards Inc. acquired a new stake in Nuveen Municipal Value Fund in the 3rd quarter worth approximately $223,000. Finally, Coastwise Capital Group LLC purchased a new stake in Nuveen Municipal Value Fund during the 3rd quarter worth approximately $117,000. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Down 0.2 %

NYSE:NUV opened at $8.73 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 $8.78 and a 200-day simple moving average of $8.84.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0325 per share. The ex-dividend date is Friday, March 14th. This represents a $0.39 dividend on an annualized basis and a yield of 4.47%.

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.