Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 19.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 538,622 shares of the closed-end fund’s stock after selling 125,956 shares during the period. Advisors Asset Management Inc.’s holdings in Nuveen Municipal Value Fund were worth $4,627,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Flagship Wealth Advisors LLC acquired a new position in Nuveen Municipal Value Fund in the 4th quarter valued at $27,000. Avantax Advisory Services Inc. purchased a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter valued at about $120,000. Essential Planning LLC. acquired a new position in shares of Nuveen Municipal Value Fund during the fourth quarter worth about $4,691,000. Raymond James Financial Inc. purchased a new position in Nuveen Municipal Value Fund during the fourth quarter worth about $19,874,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Nuveen Municipal Value Fund by 17.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 115,846 shares of the closed-end fund’s stock valued at $995,000 after purchasing an additional 16,991 shares during the period. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Down 0.4 %

NYSE NUV opened at $8.62 on Thursday. The business’s 50 day moving average is $8.77 and its two-hundred day moving average is $8.85. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0325 dividend. This represents a $0.39 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Friday, March 14th.

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.