Stifel Financial Corp Cuts Stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Stifel Financial Corp lessened its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 505,514 shares of the closed-end fund’s stock after selling 6,191 shares during the quarter. Stifel Financial Corp’s holdings in Nuveen Municipal Value Fund were worth $4,560,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Brookstone Capital Management acquired a new stake in shares of Nuveen Municipal Value Fund in the second quarter valued at $88,000. Sanibel Captiva Trust Company Inc. acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter worth $173,000. Hobbs Group Advisors LLC purchased a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth about $25,000. Family Firm Inc. acquired a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at about $38,000. Finally, Ackerman Capital Advisors LLC acquired a new position in shares of Nuveen Municipal Value Fund during the second quarter worth about $490,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

NUV stock opened at $8.80 on Monday. The company’s 50 day moving average price is $8.94 and its 200 day moving average price is $8.82. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $9.15.

Nuveen Municipal Value Fund Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a $0.0325 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.43%.

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.