Hurley Capital LLC Makes New $44,000 Investment in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Hurley Capital LLC acquired a new stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,000 shares of the closed-end fund’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rivernorth Capital Management LLC grew its holdings in Nuveen Municipal Value Fund by 9.1% during the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after purchasing an additional 618,364 shares during the period. Raymond James Financial Inc. bought a new position in shares of Nuveen Municipal Value Fund during the 4th quarter valued at approximately $19,874,000. Hennion & Walsh Asset Management Inc. increased its holdings in Nuveen Municipal Value Fund by 51.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock worth $11,634,000 after acquiring an additional 457,422 shares in the last quarter. Wells Fargo & Company MN raised its stake in Nuveen Municipal Value Fund by 2.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,324,935 shares of the closed-end fund’s stock worth $11,381,000 after acquiring an additional 26,623 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Nuveen Municipal Value Fund by 4.4% during the fourth quarter. Van ECK Associates Corp now owns 1,237,733 shares of the closed-end fund’s stock valued at $10,632,000 after purchasing an additional 52,200 shares in the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Down 0.7 %

NUV opened at $8.67 on Friday. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15. The company has a 50 day simple moving average of $8.79 and a two-hundred day simple moving average of $8.83.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.39 dividend on an annualized basis and a yield of 4.50%.

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.