Seamount Financial Group Inc. Boosts Stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Seamount Financial Group Inc. grew its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 5.0% during the fourth quarter, HoldingsChannel reports. The fund owned 48,002 shares of the closed-end fund’s stock after acquiring an additional 2,300 shares during the quarter. Seamount Financial Group Inc.’s holdings in Nuveen Municipal Value Fund were worth $412,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NUV. Kovitz Investment Group Partners LLC bought a new position in Nuveen Municipal Value Fund in the third quarter worth about $10,409,000. Rivernorth Capital Management LLC raised its stake in shares of Nuveen Municipal Value Fund by 9.1% during the 3rd quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock worth $66,935,000 after acquiring an additional 618,364 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Nuveen Municipal Value Fund by 51.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock valued at $11,634,000 after acquiring an additional 457,422 shares during the last quarter. Ibex Wealth Advisors acquired a new stake in Nuveen Municipal Value Fund in the fourth quarter valued at approximately $1,490,000. Finally, Tandem Financial LLC purchased a new position in Nuveen Municipal Value Fund in the fourth quarter worth $1,100,000. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV opened at $8.87 on Friday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15. The stock has a fifty day moving average price of $8.71 and a 200-day moving average price of $8.84.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend is Friday, February 14th.

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.