Cetera Investment Advisers Purchases 10,345 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Cetera Investment Advisers raised its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 13.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,042 shares of the closed-end fund’s stock after acquiring an additional 10,345 shares during the period. Cetera Investment Advisers’ holdings in Nuveen Municipal Value Fund were worth $772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in Nuveen Municipal Value Fund by 29.9% during the 1st quarter. Venturi Wealth Management LLC now owns 92,582 shares of the closed-end fund’s stock valued at $812,000 after buying an additional 21,323 shares in the last quarter. Kestra Private Wealth Services LLC grew its stake in Nuveen Municipal Value Fund by 22.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 92,415 shares of the closed-end fund’s stock worth $810,000 after buying an additional 16,757 shares in the last quarter. Summit X LLC purchased a new position in Nuveen Municipal Value Fund in the 1st quarter worth approximately $393,000. Accredited Investor Services LLC grew its stake in Nuveen Municipal Value Fund by 3.4% in the 1st quarter. Accredited Investor Services LLC now owns 105,300 shares of the closed-end fund’s stock worth $923,000 after buying an additional 3,431 shares in the last quarter. Finally, Mathes Company Inc. boosted its stake in Nuveen Municipal Value Fund by 5.5% in the first quarter. Mathes Company Inc. now owns 145,000 shares of the closed-end fund’s stock worth $1,272,000 after buying an additional 7,500 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Down 0.5%

Shares of NUV opened at $8.63 on Friday. The stock has a 50 day simple moving average of $8.60 and a two-hundred day simple moving average of $8.66. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.38 and a 1 year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.0325 dividend. The ex-dividend date is Friday, August 15th. This represents a c) annualized dividend and a yield of 4.5%.

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.