Van ECK Associates Corp Cuts Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Van ECK Associates Corp trimmed its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 2.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,185,533 shares of the closed-end fund’s stock after selling 33,330 shares during the period. Van ECK Associates Corp’s holdings in Nuveen Municipal Value Fund were worth $10,587,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NUV. Williams Financial LLC bought a new stake in Nuveen Municipal Value Fund during the 2nd quarter valued at about $2,661,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Nuveen Municipal Value Fund by 38.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock valued at $8,091,000 after acquiring an additional 250,517 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in Nuveen Municipal Value Fund by 11.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock worth $17,257,000 after acquiring an additional 202,782 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in Nuveen Municipal Value Fund in the 2nd quarter valued at approximately $1,573,000. Finally, Congress Park Capital LLC lifted its position in Nuveen Municipal Value Fund by 41.7% in the 2nd quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock valued at $4,254,000 after acquiring an additional 145,000 shares in the last quarter. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Stock Performance

NUV stock opened at $8.88 on Thursday. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.27 and a 1-year high of $9.15. The business has a fifty day moving average price of $9.00 and a 200-day moving average price of $8.76.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.031 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, November 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.