South Plains Financial Inc. Acquires New Shares in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

South Plains Financial Inc. bought a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,250 shares of the closed-end fund’s stock, valued at approximately $37,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of Nuveen Municipal Value Fund during the 3rd quarter worth $307,000. B. Riley Wealth Advisors Inc. lifted its position in Nuveen Municipal Value Fund by 74.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 72,020 shares of the closed-end fund’s stock valued at $652,000 after buying an additional 30,704 shares during the last quarter. Breakwater Capital Group boosted its stake in Nuveen Municipal Value Fund by 6.4% during the fourth quarter. Breakwater Capital Group now owns 121,589 shares of the closed-end fund’s stock worth $1,044,000 after buying an additional 7,339 shares during the period. Hennion & Walsh Asset Management Inc. increased its position 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 valued at $11,634,000 after acquiring an additional 457,422 shares during the last quarter. Finally, Congress Park Capital LLC raised its stake in shares of Nuveen Municipal Value Fund by 36.1% in the 4th quarter. Congress Park Capital LLC now owns 442,882 shares of the closed-end fund’s stock valued at $3,804,000 after acquiring an additional 117,500 shares during the period. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV stock opened at $8.69 on Friday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.35 and a one year high of $9.15. The firm’s 50 day moving average price is $8.69 and its 200-day moving average price is $8.76.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th were given a dividend of $0.0325 per share. The ex-dividend date was Tuesday, April 15th. This represents a $0.39 annualized dividend and a dividend yield of 4.49%.

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.