Nuveen Enhanced Municipal Value Fund (NYSE:NEV) Share Price Passes Above 50 Day Moving Average of $14.80

Nuveen Enhanced Municipal Value Fund (NYSE:NEV)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $14.80 and traded as high as $14.46. Nuveen Enhanced Municipal Value Fund shares last traded at $14.30, with a volume of 2,812 shares.

The firm has a 50-day moving average of $14.80 and a 200 day moving average of $14.25.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be given a $0.056 dividend. This represents a $0.67 annualized dividend and a yield of 4.70%. The ex-dividend date is Thursday, September 12th.



Institutional investors and hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. increased its position in Nuveen Enhanced Municipal Value Fund by 5.7% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 70,341 shares of the company’s stock valued at $997,000 after acquiring an additional 3,808 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Nuveen Enhanced Municipal Value Fund by 2.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 91,264 shares of the company’s stock valued at $1,293,000 after acquiring an additional 1,830 shares during the period. HighTower Advisors LLC acquired a new stake in Nuveen Enhanced Municipal Value Fund in the 2nd quarter valued at approximately $361,000. Cohen & Steers Inc. increased its position in Nuveen Enhanced Municipal Value Fund by 1.6% in the 2nd quarter. Cohen & Steers Inc. now owns 122,132 shares of the company’s stock valued at $1,731,000 after acquiring an additional 1,893 shares during the period. Finally, Tranquility Partners LLC acquired a new stake in Nuveen Enhanced Municipal Value Fund in the 2nd quarter valued at approximately $438,000.

About Nuveen Enhanced Municipal Value Fund (NYSE:NEV)

Nuveen Enhanced Municipal Value Fund 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 invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal income taxes.

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