Nuveen Municipal Value Fund (NYSE:NUV) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Nuveen Municipal Value Fund, Inc. (NYSE:NUV)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.83 and traded as low as $8.56. Nuveen Municipal Value Fund shares last traded at $8.59, with a volume of 516,354 shares trading hands.

Nuveen Municipal Value Fund Stock Down 0.6 %

The company has a 50 day moving average of $8.77 and a two-hundred day moving average of $8.83.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NUV. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nuveen Municipal Value Fund during the second quarter valued at approximately $36,000. Private Trust Co. NA increased its position in shares of Nuveen Municipal Value Fund by 35.7% during the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock worth $51,000 after purchasing an additional 1,500 shares in the last quarter. CWM LLC lifted its holdings in Nuveen Municipal Value Fund by 204.5% in the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after purchasing an additional 6,347 shares in the last quarter. Radnor Capital Management LLC purchased a new position in Nuveen Municipal Value Fund in the 3rd quarter valued at $90,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Nuveen Municipal Value Fund during the third quarter worth $90,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

About Nuveen Municipal Value Fund

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.