Nuveen Municipal Value Fund Inc (NYSE:NUV) hit a new 52-week high on Tuesday . The company traded as high as $10.28 and last traded at $10.28, with a volume of 800 shares traded. The stock had previously closed at $10.24.

The business has a fifty day moving average of $10.17.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be issued a $0.031 dividend. The ex-dividend date is Friday, July 12th. This represents a $0.37 dividend on an annualized basis and a yield of 3.61%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc purchased a new position in Nuveen Municipal Value Fund in the 2nd quarter worth approximately $41,000. Advisory Services Network LLC raised its holdings in Nuveen Municipal Value Fund by 378.0% in the 1st quarter. Advisory Services Network LLC now owns 4,163 shares of the closed-end fund’s stock worth $42,000 after acquiring an additional 3,292 shares during the last quarter. Capital Investment Advisory Services LLC purchased a new position in Nuveen Municipal Value Fund in the 1st quarter worth approximately $50,000. Massey Quick Simon & CO. LLC purchased a new position in Nuveen Municipal Value Fund in the 1st quarter worth approximately $60,000. Finally, Hanson & Doremus Investment Management purchased a new position in Nuveen Municipal Value Fund in the 2nd quarter worth approximately $68,000. Institutional investors own 13.66% of the company’s stock.

About Nuveen Municipal Value Fund (NYSE:NUV)

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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