Nuveen Municipal Value Fund (NYSE:NUV) Reaches New 52-Week Low – Should You Sell?

Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.60 and last traded at $8.6250, with a volume of 700 shares. The stock had previously closed at $8.63.

Nuveen Municipal Value Fund Trading Down 0.4%

The company has a 50 day simple moving average of $9.02 and a 200 day simple moving average of $9.09.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be given a dividend of $0.0325 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NUV. Global Retirement Partners LLC acquired a new position in Nuveen Municipal Value Fund in the second quarter valued at approximately $27,000. Hantz Financial Services Inc. increased its position in shares of Nuveen Municipal Value Fund by 166.5% during the 4th quarter. Hantz Financial Services Inc. now owns 3,059 shares of the closed-end fund’s stock worth $28,000 after purchasing an additional 1,911 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in Nuveen Municipal Value Fund in the 4th quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at about $39,000. Finally, SVRN Asset Management LLC acquired a new position in Nuveen Municipal Value Fund in the fourth quarter valued at about $94,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund (NYSE: NUV) is a closed-end management investment company that seeks to provide current income exempt from regular federal income tax. The fund invests primarily in municipal securities issued by states, territories, and local governments, as well as related public entities across the United States.

Its portfolio may include general obligation and revenue bonds financing public infrastructure and essential services such as education, transportation, utilities, health care, and housing.