Nuveen Municipal Value Fund (NYSE:NUV) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Nuveen Municipal Value Fund, Inc. (NYSE:NUV) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.83 and traded as low as $8.56. Nuveen Municipal Value Fund shares last traded at $8.59, with a volume of 516,354 shares changing hands.

Nuveen Municipal Value Fund Price Performance

The firm’s 50-day simple moving average is $8.77 and its 200 day simple moving average is $8.83.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.54%. The ex-dividend date is Wednesday, January 15th.

Hedge Funds Weigh In On Nuveen Municipal Value Fund

Several large investors have recently modified their holdings of NUV. XTX Topco Ltd purchased a new position in Nuveen Municipal Value Fund in the 3rd quarter valued at approximately $104,000. Janney Montgomery Scott LLC boosted its holdings in shares of Nuveen Municipal Value Fund by 6.9% in the third quarter. Janney Montgomery Scott LLC now owns 164,283 shares of the closed-end fund’s stock worth $1,482,000 after acquiring an additional 10,633 shares during the period. Private Advisor Group LLC grew its position in shares of Nuveen Municipal Value Fund by 70.2% in the third quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock valued at $180,000 after purchasing an additional 8,247 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Nuveen Municipal Value Fund during the 3rd quarter worth about $90,000. Finally, International Assets Investment Management LLC boosted its position in shares of Nuveen Municipal Value Fund by 359.8% in the third quarter. International Assets Investment Management LLC now owns 75,916 shares of the closed-end fund’s stock valued at $685,000 after acquiring an additional 59,405 shares during the period. Hedge funds and other institutional investors own 22.50% of the company’s stock.

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.