Stockman Wealth Management Inc. Acquires 52,325 Shares of Nuveen Municipal Value Fund Inc (NYSE:NUV)

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Stockman Wealth Management Inc. boosted its holdings in shares of Nuveen Municipal Value Fund Inc (NYSE:NUV) by 31.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 216,550 shares of the closed-end fund’s stock after buying an additional 52,325 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Nuveen Municipal Value Fund were worth $2,204,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of Nuveen Municipal Value Fund by 3.0% in the second quarter. Van ECK Associates Corp now owns 682,321 shares of the closed-end fund’s stock worth $6,946,000 after purchasing an additional 19,603 shares during the period. Raymond James & Associates boosted its position in shares of Nuveen Municipal Value Fund by 7.6% in the first quarter. Raymond James & Associates now owns 538,829 shares of the closed-end fund’s stock worth $5,388,000 after purchasing an additional 38,149 shares during the period. Private Wealth Partners LLC bought a new position in shares of Nuveen Municipal Value Fund in the first quarter worth approximately $4,667,000. Commonwealth Equity Services LLC boosted its position in shares of Nuveen Municipal Value Fund by 2.0% in the second quarter. Commonwealth Equity Services LLC now owns 425,228 shares of the closed-end fund’s stock worth $4,328,000 after purchasing an additional 8,300 shares during the period. Finally, Bar Harbor Trust Services boosted its position in shares of Nuveen Municipal Value Fund by 1.3% in the second quarter. Bar Harbor Trust Services now owns 398,931 shares of the closed-end fund’s stock worth $4,061,000 after purchasing an additional 4,930 shares during the period. Institutional investors and hedge funds own 13.62% of the company’s stock.

Shares of NUV traded down $0.02 during mid-day trading on Tuesday, reaching $10.49. The stock had a trading volume of 8,467 shares, compared to its average volume of 235,795. Nuveen Municipal Value Fund Inc has a 12 month low of $9.11 and a 12 month high of $10.55. The business has a fifty day moving average of $10.31 and a 200 day moving average of $10.01.

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be given a $0.031 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 3.55%.

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.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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