Bar Harbor Wealth Management Sells 79,666 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Bar Harbor Wealth Management lowered its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 17.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 373,800 shares of the closed-end fund’s stock after selling 79,666 shares during the period. Bar Harbor Wealth Management’s holdings in Nuveen Municipal Value Fund were worth $3,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Rivernorth Capital Management LLC lifted its stake in shares of Nuveen Municipal Value Fund by 9.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after acquiring an additional 618,364 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Nuveen Municipal Value Fund in the 3rd quarter valued at approximately $10,409,000. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Municipal Value Fund by 38.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock worth $8,091,000 after buying an additional 250,517 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Nuveen Municipal Value Fund by 4.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 745,472 shares of the closed-end fund’s stock worth $6,657,000 after acquiring an additional 29,351 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Nuveen Municipal Value Fund by 3.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 664,578 shares of the closed-end fund’s stock valued at $5,994,000 after acquiring an additional 22,497 shares during the period. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NUV stock traded up $0.02 during trading hours on Monday, hitting $8.60. 368,910 shares of the company’s stock traded hands, compared to its average volume of 402,260. The stock’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $8.83. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.53%. The ex-dividend date is Wednesday, January 15th.

About Nuveen Municipal Value Fund

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.