Cwm LLC Buys 6,347 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Cwm LLC raised its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 204.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,451 shares of the closed-end fund’s stock after acquiring an additional 6,347 shares during the period. Cwm LLC’s holdings in Nuveen Municipal Value Fund were worth $85,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Williams Financial LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter valued at $2,661,000. Tortoise Investment Management LLC lifted its holdings in Nuveen Municipal Value Fund by 11.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock worth $17,257,000 after purchasing an additional 202,782 shares in the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth about $1,573,000. Congress Park Capital LLC increased its position in shares of Nuveen Municipal Value Fund by 41.7% during 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. Finally, Sanctuary Advisors LLC purchased a new position in Nuveen Municipal Value Fund during the second quarter valued at approximately $753,000. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Up 0.5 %

Nuveen Municipal Value Fund stock opened at $8.92 on Friday. The firm’s 50 day simple moving average is $8.98 and its 200 day simple moving average is $8.74. Nuveen Municipal Value Fund, Inc. has a 1-year low of $7.86 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.031 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.37 annualized dividend and a dividend yield of 4.17%.

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.