Nuveen Enhanced Municipal Value Fund (NEV)
Nuveen Enhanced Municipal Value Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $12.51, down 1.88% on the session, giving a market capitalisation of $312.2M. On trailing twelve-month figures it carries a trailing P/E of 7.32, a net margin of 99.5%. Its beta of 0.00 implies it has historically moved less than the broad market.
The Nuveen Enhanced Municipal Value Fund is a closed-end mutual fund, specializing in fixed-income investments, that was established by Nuveen Investments, Inc. It operates under the joint management of Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund's primary investment focus is the fixed-income markets of the United States. Its strategy involves acquiring undervalued municipal bonds and related assets, specifically those that provide income exempt from standard federal income taxes. The portfolio prioritizes investment-grade securities and typically maintains an average maturity of approximately 23 years. To construct its portfolio, the fund employs a rigorous fundamental analysis, utilizing a bottom-up approach for security selection. Its performance is measured against the Standard & Poor's (S&P) National Municipal Bond Index. This fund was founded on July 27, 2009, and is legally based in the United States.
Nuveen Enhanced Municipal Value Fund is most often compared with the following Financial Services names: