Oxbow Advisors LLC Makes New Investment in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Oxbow Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 1st quarter, HoldingsChannel reports. The firm bought 14,839 shares of the closed-end fund’s stock, valued at approximately $129,000.

Several other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 26.3% during the first quarter. Janney Montgomery Scott LLC now owns 154,417 shares of the closed-end fund’s stock worth $1,345,000 after purchasing an additional 32,108 shares during the period. BlueChip Wealth Advisors LLC grew its position in Nuveen Municipal Value Fund by 45.2% in the 1st quarter. BlueChip Wealth Advisors LLC now owns 36,945 shares of the closed-end fund’s stock worth $322,000 after purchasing an additional 11,500 shares during the period. WealthBridge Capital Management LLC grew its position in Nuveen Municipal Value Fund by 2.8% in the 1st quarter. WealthBridge Capital Management LLC now owns 52,221 shares of the closed-end fund’s stock worth $455,000 after purchasing an additional 1,444 shares during the period. Commonwealth Equity Services LLC grew its position in Nuveen Municipal Value Fund by 3.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 413,155 shares of the closed-end fund’s stock worth $3,599,000 after purchasing an additional 15,263 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Nuveen Municipal Value Fund by 9.5% during the 1st quarter. Chicago Partners Investment Group LLC now owns 688,721 shares of the closed-end fund’s stock worth $5,875,000 after acquiring an additional 59,565 shares during the last quarter. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV remained flat at $8.72 during trading hours on Friday. 78,487 shares of the company were exchanged, compared to its average volume of 409,472. Nuveen Municipal Value Fund, Inc. has a 52 week low of $7.86 and a 52 week high of $8.93. The company’s 50-day simple moving average is $8.57 and its 200-day simple moving average is $8.63.

Nuveen Municipal Value Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a dividend of $0.029 per share. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.35 annualized dividend and a yield of 3.99%.

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.