Raymond James & Associates Sells 868,726 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Raymond James & Associates reduced its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUVFree Report) by 33.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,730,131 shares of the closed-end fund’s stock after selling 868,726 shares during the quarter. Raymond James & Associates owned about 0.83% of Nuveen Municipal Value Fund worth $14,879,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NUV. Mercer Global Advisors Inc. ADV grew its position in shares of Nuveen Municipal Value Fund by 3.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 45,080 shares of the closed-end fund’s stock worth $381,000 after purchasing an additional 1,310 shares in the last quarter. Mariner LLC grew its position in shares of Nuveen Municipal Value Fund by 6.7% during the 1st quarter. Mariner LLC now owns 22,054 shares of the closed-end fund’s stock worth $211,000 after purchasing an additional 1,381 shares in the last quarter. Citigroup Inc. grew its position in shares of Nuveen Municipal Value Fund by 98.7% during the 1st quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund’s stock worth $29,000 after purchasing an additional 1,481 shares in the last quarter. Cetera Advisor Networks LLC boosted its position in shares of Nuveen Municipal Value Fund by 11.9% during the 2nd quarter. Cetera Advisor Networks LLC now owns 14,327 shares of the closed-end fund’s stock worth $125,000 after acquiring an additional 1,528 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Nuveen Municipal Value Fund by 25.4% during the 3rd quarter. Ancora Advisors LLC now owns 8,233 shares of the closed-end fund’s stock worth $68,000 after acquiring an additional 1,666 shares in the last quarter. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Trading Down 0.6 %

NYSE NUV opened at $8.64 on Wednesday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $9.08. The firm’s 50 day simple moving average is $8.73 and its 200 day simple moving average is $8.50.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.029 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.35 dividend on an annualized basis and a yield of 4.03%.

Nuveen Municipal Value Fund Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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