Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Position Cut by LPL Financial LLC

LPL Financial LLC trimmed its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Get Rating) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 865,811 shares of the closed-end fund’s stock after selling 17,365 shares during the quarter. LPL Financial LLC owned approximately 0.42% of Nuveen Municipal Value Fund worth $7,446,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NUV. Citigroup Inc. raised its stake in shares of Nuveen Municipal Value Fund by 98.7% during the first quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund’s stock valued at $29,000 after purchasing an additional 1,481 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter valued at about $31,000. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter valued at about $38,000. Romano Brothers AND Company acquired a new position in Nuveen Municipal Value Fund during the fourth quarter worth about $42,000. Finally, International Assets Investment Management LLC acquired a new position in Nuveen Municipal Value Fund during the third quarter worth about $85,000. 17.32% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Up 0.1 %

NYSE:NUV opened at $8.78 on Friday. The business’s 50-day moving average price is $8.78 and its 200 day moving average price is $8.76. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.25 and a 52-week high of $9.56.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 15th will be issued a dividend of $0.028 per share. This represents a $0.34 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, May 12th.

About Nuveen Municipal Value Fund

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Nuveen Municipal Value Fund, Inc is a closed-end diversified management investment fund. Its objective is current income exempt from federal income taxes and its secondary objective is the enhancement of portfolio value through selection of tax-exempt bonds and municipal market sectors. The company was founded on April 8, 1987 and is headquartered in Chicago, IL.