Teachers Insurance & Annuity Association of America Invests $824,000 in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Teachers Insurance & Annuity Association of America acquired a new position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 91,358 shares of the closed-end fund’s stock, valued at approximately $824,000. Nuveen Municipal Value Fund accounts for approximately 1.3% of Teachers Insurance & Annuity Association of America’s investment portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Williams Financial LLC bought a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at $2,661,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Nuveen Municipal Value Fund by 38.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock worth $8,091,000 after purchasing an additional 250,517 shares during the period. Tortoise Investment Management LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 11.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock valued at $17,257,000 after purchasing an additional 202,782 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at approximately $1,573,000. Finally, Congress Park Capital LLC increased its stake in Nuveen Municipal Value Fund by 41.7% during the 2nd quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock worth $4,254,000 after purchasing an additional 145,000 shares in the last quarter. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Stock Performance

NUV traded up $0.10 during trading on Thursday, reaching $8.92. The company had a trading volume of 376,754 shares, compared to its average volume of 424,907. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15. The business’s fifty day moving average price is $8.97 and its 200 day moving average price is $8.79.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.031 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.37 annualized dividend and a yield of 4.17%.

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.