Hennion & Walsh Asset Management Inc. Buys 250,517 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Hennion & Walsh Asset Management Inc. grew its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 38.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 896,990 shares of the closed-end fund’s stock after acquiring an additional 250,517 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Nuveen Municipal Value Fund were worth $8,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. WealthBridge Capital Management LLC raised its position in shares of Nuveen Municipal Value Fund by 2.8% in the first quarter. WealthBridge Capital Management LLC now owns 52,221 shares of the closed-end fund’s stock valued at $455,000 after purchasing an additional 1,444 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in Nuveen Municipal Value Fund by 17.9% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 13,200 shares of the closed-end fund’s stock worth $115,000 after acquiring an additional 2,000 shares during the period. International Assets Investment Management LLC increased its position in Nuveen Municipal Value Fund by 14.0% during the first quarter. International Assets Investment Management LLC now owns 16,496 shares of the closed-end fund’s stock worth $143,000 after acquiring an additional 2,023 shares during the period. Good Life Advisors LLC increased its position in Nuveen Municipal Value Fund by 5.5% during the third quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock worth $368,000 after acquiring an additional 2,135 shares during the period. Finally, Saxony Capital Management LLC increased its position in Nuveen Municipal Value Fund by 21.3% during the second quarter. Saxony Capital Management LLC now owns 14,250 shares of the closed-end fund’s stock worth $123,000 after acquiring an additional 2,500 shares during the period. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Stock Down 1.1 %

NYSE:NUV opened at $8.94 on Thursday. Nuveen Municipal Value Fund, Inc. has a 52 week low of $7.86 and a 52 week high of $9.15. The firm’s 50-day simple moving average is $8.98 and its 200 day simple moving average is $8.73.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.031 dividend. This represents a $0.37 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend is Tuesday, October 15th.

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.