Nuveen Municipal Value Fund (NYSE:NUV) Sees Strong Trading Volume – What’s Next?

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) shares saw strong trading volume on Thursday. 1,306,833 shares traded hands during trading, an increase of 147% from the previous session’s volume of 528,150 shares. The stock last traded at $8.1550 and had previously closed at $8.24.

Nuveen Municipal Value Fund Price Performance

The stock’s 50-day moving average price is $8.88 and its 200 day moving average price is $9.04.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a $0.0325 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.39 dividend on an annualized basis and a yield of 4.8%.

Institutional Investors Weigh In On Nuveen Municipal Value Fund

A number of hedge funds have recently bought and sold shares of NUV. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Municipal Value Fund by 17.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock worth $26,390,000 after purchasing an additional 422,222 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Nuveen Municipal Value Fund during the second quarter worth approximately $11,867,000. Van ECK Associates Corp boosted its position in shares of Nuveen Municipal Value Fund by 3.0% in the second quarter. Van ECK Associates Corp now owns 1,098,087 shares of the closed-end fund’s stock valued at $10,124,000 after acquiring an additional 31,841 shares during the period. Royal Bank of Canada increased its position in Nuveen Municipal Value Fund by 8.7% during the first quarter. Royal Bank of Canada now owns 620,206 shares of the closed-end fund’s stock worth $5,576,000 after acquiring an additional 49,645 shares during the period. Finally, Tortoise Investment Management LLC acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter valued at $4,703,000. 22.50% of the stock is currently owned by institutional investors.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund (NYSE: NUV) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.