Harmony Asset Management LLC Has $953,000 Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Harmony Asset Management LLC raised its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 93.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 105,700 shares of the closed-end fund’s stock after purchasing an additional 51,000 shares during the period. Harmony Asset Management LLC’s holdings in Nuveen Municipal Value Fund were worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in 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 valued at $1,482,000 after acquiring an additional 10,633 shares during the period. Private Advisor Group LLC boosted its holdings in Nuveen Municipal Value Fund by 70.2% during 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. bought a new stake in shares of Nuveen Municipal Value Fund in the 3rd quarter valued at approximately $90,000. International Assets Investment Management LLC raised its holdings in shares of Nuveen Municipal Value Fund by 359.8% in the 3rd quarter. International Assets Investment Management LLC now owns 75,916 shares of the closed-end fund’s stock worth $685,000 after buying an additional 59,405 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its position in shares of Nuveen Municipal Value Fund by 361.8% during the 3rd quarter. Sheets Smith Wealth Management now owns 67,742 shares of the closed-end fund’s stock worth $611,000 after buying an additional 53,072 shares during the period. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Up 0.2 %

Shares of NUV stock opened at $9.02 on Tuesday. The stock’s fifty day simple moving average is $8.96 and its 200 day simple moving average is $8.80. Nuveen Municipal Value Fund, Inc. has a one year low of $8.35 and a one year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.031 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date was 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.