Bank of New York Mellon Corp Has $429,000 Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Bank of New York Mellon Corp increased its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,992 shares of the closed-end fund’s stock after buying an additional 4,394 shares during the quarter. Bank of New York Mellon Corp’s holdings in Nuveen Municipal Value Fund were worth $429,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rivernorth Capital Management LLC raised its holdings in 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 worth $66,935,000 after purchasing an additional 618,364 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Municipal Value Fund by 51.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock worth $11,634,000 after acquiring an additional 457,422 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Nuveen Municipal Value Fund by 4.4% in the fourth quarter. Van ECK Associates Corp now owns 1,237,733 shares of the closed-end fund’s stock valued at $10,632,000 after purchasing an additional 52,200 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in Nuveen Municipal Value Fund in the 3rd quarter valued at approximately $10,409,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in Nuveen Municipal Value Fund by 5.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 788,849 shares of the closed-end fund’s stock worth $6,816,000 after purchasing an additional 43,377 shares during the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Up 0.3 %

NYSE:NUV opened at $8.76 on Friday. The stock’s 50 day moving average price is $8.79 and its two-hundred day moving average price is $8.84. Nuveen Municipal Value Fund, Inc. has a twelve month low of $8.35 and a twelve month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.0325 per share. The ex-dividend date is Friday, March 14th. This represents a $0.39 annualized dividend and a dividend yield of 4.45%.

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.