Cresta Advisors Ltd. Has $1.90 Million Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Cresta Advisors Ltd. raised its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 19.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 210,840 shares of the closed-end fund’s stock after purchasing an additional 34,000 shares during the quarter. Nuveen Municipal Value Fund makes up approximately 1.0% of Cresta Advisors Ltd.’s holdings, making the stock its 25th biggest position. Cresta Advisors Ltd.’s holdings in Nuveen Municipal Value Fund were worth $1,902,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NUV. Hobbs Group Advisors LLC acquired a new position in Nuveen Municipal Value Fund during the 2nd quarter worth $25,000. Ashton Thomas Private Wealth LLC bought a new stake in Nuveen Municipal Value Fund during the 2nd quarter valued at approximately $36,000. Family Firm Inc. bought a new stake in Nuveen Municipal Value Fund during the 2nd quarter valued at approximately $38,000. Private Trust Co. NA grew its holdings in Nuveen Municipal Value Fund by 35.7% in the 3rd quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after buying an additional 1,500 shares during the last quarter. Finally, CWM LLC increased its position in Nuveen Municipal Value Fund by 204.5% in the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after buying an additional 6,347 shares during the period. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NYSE NUV opened at $8.90 on Wednesday. The company’s fifty day moving average is $8.95 and its two-hundred day moving average is $8.81. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.35 and a 52-week high of $9.15.

Nuveen Municipal Value Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.39 dividend on an annualized basis and a yield of 4.38%.

Nuveen Municipal Value Fund Company 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.