Tortoise Investment Management LLC boosted its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Free Report) by 11.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,999,613 shares of the closed-end fund’s stock after buying an additional 202,782 shares during the period. Nuveen Municipal Value Fund comprises 2.0% of Tortoise Investment Management LLC’s portfolio, making the stock its 9th biggest holding. Tortoise Investment Management LLC’s holdings in Nuveen Municipal Value Fund were worth $17,257,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in NUV. UBS Group AG increased its position in shares of Nuveen Municipal Value Fund by 27.5% during the fourth quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock valued at $48,221,000 after acquiring an additional 1,208,804 shares during the last quarter. Relative Value Partners Group LLC purchased a new position in shares of Nuveen Municipal Value Fund during the fourth quarter worth $7,420,000. True North Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at $4,337,000. Williams Financial LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at $2,661,000. Finally, Granby Capital Management LLC raised its holdings in shares of Nuveen Municipal Value Fund by 23.8% in the 4th quarter. Granby Capital Management LLC now owns 1,300,000 shares of the closed-end fund’s stock valued at $11,180,000 after buying an additional 250,000 shares during the period. 22.50% of the stock is currently owned by hedge funds and other institutional investors.
Nuveen Municipal Value Fund Stock Performance
Shares of Nuveen Municipal Value Fund stock opened at $8.84 on Tuesday. The business has a 50-day moving average of $8.73 and a 200 day moving average of $8.64. Nuveen Municipal Value Fund, Inc. has a 12 month low of $7.86 and a 12 month high of $8.95.
Nuveen Municipal Value Fund Announces Dividend
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.
Featured Stories
- Five stocks we like better than Nuveen Municipal Value Fund
- Conference Calls and Individual Investors
- Don’t Count Out CrowdStrike Yet: Key Insights from Q2 Earnings
- Bank Stocks – Best Bank Stocks to Invest In
- Why Lululemon’s Setback Could Be Your Next Big Win
- Where to Find Earnings Call Transcripts
- 3 Best Dividend Stocks to Buy as Interest Rates Fall
Want to see what other hedge funds are holding NUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Free Report).
Receive News & Ratings for Nuveen Municipal Value Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Municipal Value Fund and related companies with MarketBeat.com's FREE daily email newsletter.