Nuveen Municipal Value Fund (NYSE:NUV) Reaches New 52-Week High Following Dividend Announcement

Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) hit a new 52-week high on Tuesday after the company announced a dividend. The company traded as high as $9.40 and last traded at $9.1750, with a volume of 100 shares traded. The stock had previously closed at $9.16.

The newly announced dividend which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be issued a $0.0325 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, February 13th.

Nuveen Municipal Value Fund Price Performance

The stock’s 50-day simple moving average is $9.06 and its 200 day simple moving average is $8.93.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Hedge funds have recently made changes to their positions in the stock. Ameritas Advisory Services LLC purchased a new stake in Nuveen Municipal Value Fund in the second quarter valued at approximately $33,000. Camelot Portfolios LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at $45,000. EQ Wealth Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the 4th quarter valued at $47,000. International Assets Investment Management LLC acquired a new position in Nuveen Municipal Value Fund during the 4th quarter worth about $50,000. Finally, SouthState Corp acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter worth about $58,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

About Nuveen Municipal Value Fund

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.