Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC cut its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 6.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,838,060 shares of the closed-end fund’s stock after selling 137,051 shares during the quarter. Nuveen Municipal Value Fund makes up approximately 1.7% of Tortoise Investment Management LLC’s portfolio, making the stock its 13th largest holding. Tortoise Investment Management LLC’s holdings in Nuveen Municipal Value Fund were worth $15,789,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Nuveen Municipal Value Fund during the fourth quarter worth approximately $19,874,000. Kovitz Investment Group Partners LLC purchased a new position in shares of Nuveen Municipal Value Fund in the 3rd quarter valued at $10,409,000. Rivernorth Capital Management LLC raised 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 period. Hennion & Walsh Asset Management Inc. increased its stake in Nuveen Municipal Value Fund by 51.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock worth $11,634,000 after buying an additional 457,422 shares during the period. Finally, Ibex Wealth Advisors purchased a new stake in Nuveen Municipal Value Fund during the 4th quarter worth $1,490,000. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

Shares of NUV stock opened at $8.80 on Monday. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15. The firm has a fifty day moving average of $8.76 and a two-hundred day moving average of $8.85.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date 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.