Allspring Global Investments Holdings LLC Acquires 33,304 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Allspring Global Investments Holdings LLC increased its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Rating) by 145.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,144 shares of the closed-end fund’s stock after buying an additional 33,304 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Nuveen Municipal Value Fund were worth $474,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Citigroup Inc. boosted its holdings in shares of Nuveen Municipal Value Fund by 98.7% in the first quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund’s stock worth $29,000 after acquiring an additional 1,481 shares during the period. Moors & Cabot Inc. boosted its stake in Nuveen Municipal Value Fund by 6.5% in the 1st quarter. Moors & Cabot Inc. now owns 31,077 shares of the closed-end fund’s stock worth $298,000 after purchasing an additional 1,888 shares during the period. NewEdge Advisors LLC grew its holdings in Nuveen Municipal Value Fund by 86.1% during the 1st quarter. NewEdge Advisors LLC now owns 40,328 shares of the closed-end fund’s stock valued at $387,000 after buying an additional 18,660 shares in the last quarter. First Trust Advisors LP increased its position in shares of Nuveen Municipal Value Fund by 39.6% during the first quarter. First Trust Advisors LP now owns 111,809 shares of the closed-end fund’s stock valued at $1,071,000 after buying an additional 31,738 shares during the period. Finally, Mariner LLC lifted its holdings in shares of Nuveen Municipal Value Fund by 6.7% in the first quarter. Mariner LLC now owns 22,054 shares of the closed-end fund’s stock worth $211,000 after buying an additional 1,381 shares in the last quarter. 17.32% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Up 0.3 %

Shares of NYSE:NUV opened at $9.14 on Tuesday. The company has a 50 day moving average of $8.74 and a 200 day moving average of $8.77. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.25 and a 12 month high of $10.21.

Nuveen Municipal Value Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Friday, January 13th will be issued a $0.028 dividend. The ex-dividend date is Thursday, January 12th. This represents a $0.34 annualized dividend and a dividend yield of 3.68%.

About Nuveen Municipal Value Fund

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Nuveen Municipal Value Fund, Inc is a closed-end diversified management investment fund. Its objective is current income exempt from federal income taxes and its secondary objective is the enhancement of portfolio value through selection of tax-exempt bonds and municipal market sectors. The company was founded on April 8, 1987 and is headquartered in Chicago, IL.