Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Stock Position Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 83.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,878 shares of the closed-end fund’s stock after purchasing an additional 13,608 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Nuveen Municipal Value Fund were worth $270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC increased its holdings in shares of 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 valued at $17,257,000 after acquiring an additional 202,782 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of Nuveen Municipal Value Fund by 7.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,218,863 shares of the closed-end fund’s stock valued at $10,519,000 after acquiring an additional 85,446 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 38.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock valued at $8,091,000 after acquiring an additional 250,517 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 1.9% during the 1st quarter. Advisors Asset Management Inc. now owns 662,242 shares of the closed-end fund’s stock valued at $5,768,000 after acquiring an additional 12,203 shares during the last quarter. Finally, Congress Park Capital LLC increased its holdings in shares of Nuveen Municipal Value Fund by 41.7% during the 2nd quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock valued at $4,254,000 after acquiring an additional 145,000 shares during the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE NUV opened at $8.93 on Tuesday. The business’s 50-day simple moving average is $9.01 and its 200-day simple moving average is $8.77. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.27 and a 52 week high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.031 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend 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.