Orca Wealth Management LLC Acquires Shares of 19,997 Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Orca Wealth Management LLC acquired a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 19,997 shares of the closed-end fund’s stock, valued at approximately $172,000.

Several other large investors have also recently modified their holdings of the business. Private Trust Co. NA lifted its position in Nuveen Municipal Value Fund by 35.7% during the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after purchasing an additional 1,500 shares during the last quarter. CWM LLC increased its position in Nuveen Municipal Value Fund by 204.5% during the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after purchasing an additional 6,347 shares during the period. Narwhal Capital Management purchased a new stake in shares of Nuveen Municipal Value Fund in the 4th quarter worth about $86,000. Radnor Capital Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the 3rd quarter worth about $90,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Nuveen Municipal Value Fund during the 3rd quarter valued at about $90,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

Shares of NUV stock opened at $8.73 on Wednesday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.35 and a one year high of $9.15. The company’s 50-day moving average is $8.72 and its 200 day moving average is $8.84.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date is Wednesday, January 15th.

Nuveen Municipal Value Fund Company 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.