Tortoise Investment Management LLC Makes New Investment in Nuveen Municipal Value Fund, Inc. $NUV

Tortoise Investment Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 538,148 shares of the closed-end fund’s stock, valued at approximately $4,703,000.

Other hedge funds have also modified their holdings of the company. Roman Butler Fullerton & Co. raised its stake in shares of Nuveen Municipal Value Fund by 2.6% in the second quarter. Roman Butler Fullerton & Co. now owns 258,207 shares of the closed-end fund’s stock worth $2,368,000 after purchasing an additional 6,660 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the second quarter worth about $27,000. AlTi Global Inc. boosted its position in Nuveen Municipal Value Fund by 7.6% in the second quarter. AlTi Global Inc. now owns 142,210 shares of the closed-end fund’s stock valued at $1,315,000 after buying an additional 10,000 shares during the last quarter. HighTower Advisors LLC increased its holdings in Nuveen Municipal Value Fund by 5.7% in the 2nd quarter. HighTower Advisors LLC now owns 122,640 shares of the closed-end fund’s stock worth $1,131,000 after buying an additional 6,662 shares during the period. Finally, Fifth Third Bancorp increased its holdings in Nuveen Municipal Value Fund by 100.7% in the 2nd quarter. Fifth Third Bancorp now owns 43,850 shares of the closed-end fund’s stock worth $404,000 after buying an additional 22,000 shares during the period. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

NUV opened at $9.00 on Tuesday. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.55 and a 12-month high of $9.26. The firm has a 50 day moving average of $9.13 and a two-hundred day moving average of $9.13.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be paid a $0.0325 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

About Nuveen Municipal Value Fund

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.