Hudson Valley Investment Advisors Inc. ADV Acquires Shares of 88,659 Nuveen Municipal Value Fund Inc (NYSE:NUV)

Hudson Valley Investment Advisors Inc. ADV acquired a new stake in Nuveen Municipal Value Fund Inc (NYSE:NUV) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 88,659 shares of the closed-end fund’s stock, valued at approximately $903,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Private Wealth Partners LLC acquired a new position in shares of Nuveen Municipal Value Fund during the 1st quarter worth about $4,667,000. Ibex Wealth Advisors bought a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter worth approximately $843,000. Chicago Partners Investment Group LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 71.1% during the 1st quarter. Chicago Partners Investment Group LLC now owns 148,610 shares of the closed-end fund’s stock worth $1,464,000 after acquiring an additional 61,733 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter worth approximately $532,000. Finally, Raymond James & Associates lifted its holdings in shares of Nuveen Municipal Value Fund by 7.6% during the 1st quarter. Raymond James & Associates now owns 538,829 shares of the closed-end fund’s stock worth $5,388,000 after acquiring an additional 38,149 shares during the period. 13.58% of the stock is currently owned by institutional investors and hedge funds.

NUV stock opened at $10.37 on Friday. Nuveen Municipal Value Fund Inc has a 1 year low of $9.11 and a 1 year high of $10.48. The company has a 50 day simple moving average of $10.24 and a 200 day simple moving average of $9.97.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a $0.031 dividend. This represents a $0.37 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, August 14th.

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.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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