Narwhal Capital Management Invests $86,000 in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Narwhal Capital Management bought a new stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,050 shares of the closed-end fund’s stock, valued at approximately $86,000.

Other hedge funds have also recently modified their holdings of the company. Private Trust Co. NA boosted its stake in Nuveen Municipal Value Fund by 35.7% in the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after acquiring an additional 1,500 shares in the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 12.1% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 14,800 shares of the closed-end fund’s stock valued at $133,000 after purchasing an additional 1,600 shares during the last quarter. Good Life Advisors LLC boosted its position in shares of Nuveen Municipal Value Fund by 5.5% in the 3rd quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock valued at $368,000 after purchasing an additional 2,135 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Nuveen Municipal Value Fund by 6.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 52,841 shares of the closed-end fund’s stock valued at $477,000 after purchasing an additional 3,148 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Nuveen Municipal Value Fund by 2.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 169,053 shares of the closed-end fund’s stock worth $1,452,000 after buying an additional 4,770 shares during the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV opened at $8.70 on Monday. The company’s 50 day simple moving average is $8.72 and its 200-day simple moving average is $8.84. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.35 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Wednesday, January 15th.

Nuveen Municipal Value Fund Profile

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.