Access Financial Services Inc. Buys 8,996 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Access Financial Services Inc. lifted its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 27.8% during the fourth quarter, HoldingsChannel reports. The firm owned 41,341 shares of the closed-end fund’s stock after acquiring an additional 8,996 shares during the quarter. Access Financial Services Inc.’s holdings in Nuveen Municipal Value Fund were worth $355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in shares of Nuveen Municipal Value Fund during the 3rd quarter worth approximately $104,000. Janney Montgomery Scott LLC raised its stake in shares of Nuveen Municipal Value Fund by 6.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 164,283 shares of the closed-end fund’s stock worth $1,482,000 after purchasing an additional 10,633 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Nuveen Municipal Value Fund by 70.2% during the 3rd quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock worth $180,000 after purchasing an additional 8,247 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Nuveen Municipal Value Fund in the 3rd quarter valued at $90,000. Finally, International Assets Investment Management LLC raised its stake in 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 valued at $685,000 after acquiring an additional 59,405 shares during the period. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

NUV opened at $8.66 on Monday. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15. The stock’s fifty day simple moving average is $8.74 and its 200 day simple moving average is $8.84.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date is Wednesday, January 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.