Tandem Financial LLC Takes Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Tandem Financial LLC purchased a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 128,097 shares of the closed-end fund’s stock, valued at approximately $1,100,000. Nuveen Municipal Value Fund makes up 1.2% of Tandem Financial LLC’s holdings, making the stock its 19th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its position in shares of Nuveen Municipal Value Fund by 35.7% during the 3rd quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after acquiring an additional 1,500 shares during the period. CWM LLC raised its stake in Nuveen Municipal Value Fund by 204.5% in the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after purchasing an additional 6,347 shares in the last quarter. Narwhal Capital Management bought a new stake in Nuveen Municipal Value Fund during the fourth quarter worth about $86,000. Radnor Capital Management LLC acquired a new stake in Nuveen Municipal Value Fund during the third quarter worth about $90,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Nuveen Municipal Value Fund during the third quarter worth about $90,000. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NYSE:NUV opened at $8.87 on Friday. The firm has a 50 day moving average of $8.72 and a 200-day moving average of $8.84. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be issued a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Municipal Value Fund Company 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.