Radnor Capital Management LLC Invests $90,000 in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Radnor Capital Management LLC acquired a new position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) in the third quarter, Holdings Channel reports. The fund acquired 10,000 shares of the closed-end fund’s stock, valued at approximately $90,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NUV. Hobbs Group Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter worth about $25,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter worth about $36,000. Family Firm Inc. acquired a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter worth about $38,000. CWM LLC increased its position in shares of Nuveen Municipal Value Fund by 204.5% during the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after purchasing an additional 6,347 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter worth about $88,000. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Trading Up 0.2 %

Shares of Nuveen Municipal Value Fund stock opened at $8.91 on Friday. The company has a 50-day simple moving average of $9.00 and a 200 day simple moving average of $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 given a dividend of $0.031 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Municipal Value Fund Company 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.