Pettinga Financial Advisors LLC Takes Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Pettinga Financial Advisors LLC acquired a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 134,150 shares of the closed-end fund’s stock, valued at approximately $1,154,000. Pettinga Financial Advisors LLC owned approximately 0.06% of Nuveen Municipal Value Fund as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG raised its stake in shares of Nuveen Municipal Value Fund by 5.2% during the 3rd quarter. UBS Group AG now owns 4,398,292 shares of the closed-end fund’s stock worth $36,330,000 after acquiring an additional 219,299 shares in the last quarter. Van ECK Associates Corp increased its position in Nuveen Municipal Value Fund by 36.3% during the third quarter. Van ECK Associates Corp now owns 1,275,571 shares of the closed-end fund’s stock worth $10,536,000 after purchasing an additional 339,999 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in Nuveen Municipal Value Fund during the fourth quarter worth about $35,000. 1607 Capital Partners LLC boosted its stake in Nuveen Municipal Value Fund by 5.8% during the third quarter. 1607 Capital Partners LLC now owns 3,181,653 shares of the closed-end fund’s stock worth $26,280,000 after buying an additional 174,184 shares during the period. Finally, Kestra Advisory Services LLC boosted its stake in Nuveen Municipal Value Fund by 5.8% during the third quarter. Kestra Advisory Services LLC now owns 143,871 shares of the closed-end fund’s stock worth $1,188,000 after buying an additional 7,946 shares during the period. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Up 0.7 %

Shares of NYSE NUV traded up $0.06 during midday trading on Wednesday, hitting $8.70. The company’s stock had a trading volume of 328,927 shares, compared to its average volume of 423,380. The business’s fifty day simple moving average is $8.73 and its two-hundred day simple moving average is $8.49. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $9.08.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 15th will be issued a dividend of $0.029 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.35 dividend on an annualized basis and a yield of 4.00%.

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.