Nuveen Enhanced Municipal Value Fund (NEV) Stock
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.
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About Nuveen Enhanced Municipal Value Fund
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 headquartered in US.
Nuveen Enhanced Municipal Value Fund (NEV) stock trades at $12.51 with a market capitalization of $312.24M. The stock is valued at a price-to-earnings (P/E) ratio of 7.32, price-to-book of 0.78, price-to-sales of 7.38. Over the past 52 weeks the stock has ranged between $12.47 and $12.75, and currently trades 1.9% below its 52-week high. It pays a dividend yielding 5.48%.
On profitability, Nuveen Enhanced Municipal Value Fund generates a return on equity (ROE) of 10.96%, return on capital employed of 7.54%, an operating margin of 99.54%, a net profit margin of 99.54%.
Official website: www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NEV&refsrc=vu_nuveen.com/nev