Bank of New York Mellon Corp Buys 4,394 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Bank of New York Mellon Corp raised its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 9.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,992 shares of the closed-end fund’s stock after purchasing an additional 4,394 shares during the period. Bank of New York Mellon Corp’s holdings in Nuveen Municipal Value Fund were worth $429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its position in shares of Nuveen Municipal Value Fund by 35.7% during the 3rd 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 during the last quarter. Barrett & Company Inc. boosted its holdings in Nuveen Municipal Value Fund by 70.8% in the fourth quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund’s stock valued at $73,000 after acquiring an additional 3,500 shares in the last quarter. Narwhal Capital Management bought a new position in shares of Nuveen Municipal Value Fund in the 4th quarter worth approximately $86,000. Wealthspire Advisors LLC purchased a new position in Nuveen Municipal Value Fund during the fourth quarter valued at $90,000. Finally, XTX Topco Ltd purchased a new stake in Nuveen Municipal Value Fund in the third quarter worth about $104,000. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

Shares of NYSE:NUV opened at $8.76 on Friday. The business has a fifty day moving average price of $8.79 and a 200-day moving average price of $8.84. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Friday, March 14th.

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.