Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 359.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 75,916 shares of the closed-end fund’s stock after buying an additional 59,405 shares during the period. International Assets Investment Management LLC’s holdings in Nuveen Municipal Value Fund were worth $685,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NUV. Williams Financial LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at $2,661,000. Tortoise Investment Management LLC lifted its stake in Nuveen Municipal Value Fund by 11.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock worth $17,257,000 after acquiring an additional 202,782 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter worth about $1,573,000. Congress Park Capital LLC lifted its stake in Nuveen Municipal Value Fund by 41.7% during the 2nd quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock worth $4,254,000 after acquiring an additional 145,000 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter worth about $753,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

NUV opened at $8.93 on Wednesday. The stock’s 50-day moving average price is $8.99 and its 200 day moving average price is $8.76. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.27 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.031 per share. This represents a $0.37 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Friday, November 15th.

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.