Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Stock Holdings Lowered by Raymond James & Associates

Raymond James & Associates decreased its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,599,490 shares of the closed-end fund’s stock after selling 6,842 shares during the quarter. Raymond James & Associates’ holdings in Nuveen Municipal Value Fund were worth $14,427,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NUV. Sheaff Brock Investment Advisors LLC raised its holdings in shares of Nuveen Municipal Value Fund by 17.9% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 13,200 shares of the closed-end fund’s stock valued at $115,000 after purchasing an additional 2,000 shares in the last quarter. Good Life Advisors LLC lifted its holdings in Nuveen Municipal Value Fund by 5.5% during the 3rd quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock valued at $368,000 after purchasing an additional 2,135 shares during the last quarter. Saxony Capital Management LLC lifted its holdings in Nuveen Municipal Value Fund by 21.3% during the 2nd quarter. Saxony Capital Management LLC now owns 14,250 shares of the closed-end fund’s stock valued at $123,000 after purchasing an additional 2,500 shares during the last quarter. Hobbs Group Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the second quarter worth about $25,000. Finally, Hudson Valley Investment Advisors Inc. ADV raised its stake in shares of Nuveen Municipal Value Fund by 2.8% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 122,687 shares of the closed-end fund’s stock worth $1,066,000 after acquiring an additional 3,303 shares during the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Up 0.5 %

Shares of NYSE:NUV opened at $8.92 on Monday. Nuveen Municipal Value Fund, Inc. has a one year low of $7.86 and a one year high of $9.15. The company has a 50 day moving average of $8.98 and a 200-day moving average of $8.74.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.031 per share. This represents a $0.37 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Tuesday, October 15th.

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.