Steward Partners Investment Advisory LLC Sells 4,751 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Steward Partners Investment Advisory LLC cut its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,082 shares of the closed-end fund’s stock after selling 4,751 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Nuveen Municipal Value Fund were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NUV. Sound Income Strategies LLC purchased a new position in shares of Nuveen Municipal Value Fund during the 4th quarter valued at $35,000. Ancora Advisors LLC grew its position in Nuveen Municipal Value Fund by 25.4% during the third quarter. Ancora Advisors LLC now owns 8,233 shares of the closed-end fund’s stock worth $68,000 after buying an additional 1,666 shares in the last quarter. Wolverine Asset Management LLC bought a new position in Nuveen Municipal Value Fund in the 4th quarter worth about $92,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the 4th quarter valued at about $96,000. Finally, King Luther Capital Management Corp bought a new stake in shares of Nuveen Municipal Value Fund during the 4th quarter valued at about $98,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE NUV opened at $8.50 on Friday. The business has a 50-day moving average of $8.55 and a 200-day moving average of $8.61. Nuveen Municipal Value Fund, Inc. has a 12 month low of $7.86 and a 12 month high of $8.93.

Nuveen Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Friday, June 14th.

Nuveen Municipal Value Fund Profile

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.