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

Hurley Capital LLC purchased a new stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,000 shares of the closed-end fund’s stock, valued at approximately $44,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. raised its position in Nuveen Municipal Value Fund by 6.2% in the 4th quarter. Wedbush Securities Inc. now owns 51,106 shares of the closed-end fund’s stock worth $439,000 after buying an additional 3,005 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Nuveen Municipal Value Fund by 2.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,324,935 shares of the closed-end fund’s stock valued at $11,381,000 after purchasing an additional 26,623 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in Nuveen Municipal Value Fund during the fourth quarter valued at approximately $416,000. Physician Wealth Advisors Inc. bought a new position in Nuveen Municipal Value Fund during the fourth quarter valued at approximately $121,000. Finally, PKS Advisory Services LLC purchased a new stake in Nuveen Municipal Value Fund in the fourth quarter worth approximately $408,000. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Down 0.7 %

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

Nuveen Municipal Value Fund Announces Dividend

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

About Nuveen Municipal Value Fund

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.