NUV Stock Summary and Trading Ideas (Nuveen Muni Value | NYSE:NUV)

The fund's primary 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 fund invests in municipal securities that are exempt from federal income taxes. The fund invests at least 80% of its managed assets in municipal securities rated investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The fund may invest in inverse floating rate municipal securities, also known as tender option bonds. The fund’s use of tender option bonds to more efficiently implement its investment strategy may create up to 10% effective leverage.

Nuveen Muni Value trades on the NYSE stock market under the symbol NUV.

As of April 18, 2024, NUV stock price declined to $8.46 with 174,087 million shares trading.

NUV has a beta of 0.53, meaning it tends to be less sensitive to market movements. NUV has a correlation of 0.40 to the broad based SPY ETF.

NUV has a market cap of $1.76 billion. This is considered a Small Cap stock.

In the last 3 years, NUV stock traded as high as $11.94 and as low as $7.86.

NUV has underperformed the market in the last year with a return of -0.5%, while the SPY ETF gained +22.2%. In the last 3 month period, NUV fell short of the market, returning -0.5%, while SPY returned +6.0%. However, in the most recent 2 weeks NUV has outperformed the stock market by returning -1.3%, while SPY returned -3.9%.

NUV support price is $8.45 and resistance is $8.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NUV stock will trade within this expected range on the day.