Nuveen Municipal Value Fund (NYSE:NUV) Share Price Passes Above Two Hundred Day Moving Average of $0.00

Nuveen Municipal Value Fund Inc (NYSE:NUV) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $10.16. Nuveen Municipal Value Fund shares last traded at $10.16, with a volume of 1,100 shares traded.

The company has a fifty day moving average of $10.15.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a $0.031 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 3.66%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in Nuveen Municipal Value Fund by 63.7% during the 4th quarter. Citigroup Inc. now owns 22,415 shares of the closed-end fund’s stock valued at $208,000 after acquiring an additional 8,725 shares in the last quarter. Two Sigma Securities LLC boosted its position in shares of Nuveen Municipal Value Fund by 168.5% in the 4th quarter. Two Sigma Securities LLC now owns 28,582 shares of the closed-end fund’s stock worth $265,000 after purchasing an additional 17,937 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of Nuveen Municipal Value Fund by 5.8% in the 4th quarter. Hilltop Holdings Inc. now owns 38,916 shares of the closed-end fund’s stock worth $360,000 after purchasing an additional 2,123 shares in the last quarter. Sontag Advisory LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the 4th quarter worth $29,000. Finally, Jane Street Group LLC boosted its position in shares of Nuveen Municipal Value Fund by 81.8% in the 4th quarter. Jane Street Group LLC now owns 54,173 shares of the closed-end fund’s stock worth $502,000 after purchasing an additional 24,368 shares in the last quarter. Institutional investors and hedge funds own 13.59% of the company’s stock.

About Nuveen Municipal Value Fund (NYSE:NUV)

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.

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