Ackerman Capital Advisors LLC Purchases 30,540 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Ackerman Capital Advisors LLC lifted its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 53.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,269 shares of the closed-end fund’s stock after buying an additional 30,540 shares during the quarter. Ackerman Capital Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NUV. Hobbs Group Advisors LLC acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter worth $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Nuveen Municipal Value Fund in the second quarter worth about $36,000. Family Firm Inc. acquired a new position in shares of Nuveen Municipal Value Fund during the 2nd quarter worth about $38,000. CWM LLC boosted its stake 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. Finally, ORG Partners LLC bought a new stake in Nuveen Municipal Value Fund during the 1st quarter valued at approximately $84,000. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Stock Up 0.5 %

Shares of NYSE NUV opened at $8.92 on Friday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $7.86 and a 12 month high of $9.15. The business’s 50 day moving average is $8.98 and its two-hundred day moving average is $8.74.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.031 per share. This represents a $0.37 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Tuesday, October 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.