Wells Fargo & Company MN Sells 84,836 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Wells Fargo & Company MN lessened its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUVFree Report) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 861,727 shares of the closed-end fund’s stock after selling 84,836 shares during the period. Wells Fargo & Company MN owned approximately 0.42% of Nuveen Municipal Value Fund worth $7,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. UBS Group AG increased its holdings in shares of Nuveen Municipal Value Fund by 27.5% in the 4th quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock worth $48,221,000 after purchasing an additional 1,208,804 shares in the last quarter. 1607 Capital Partners LLC increased its holdings in shares of Nuveen Municipal Value Fund by 5.8% in the 3rd quarter. 1607 Capital Partners LLC now owns 3,181,653 shares of the closed-end fund’s stock worth $26,280,000 after purchasing an additional 174,184 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of Nuveen Municipal Value Fund by 39.1% in the 4th quarter. Tortoise Investment Management LLC now owns 1,762,966 shares of the closed-end fund’s stock worth $15,514,000 after purchasing an additional 495,778 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Nuveen Municipal Value Fund by 15.2% in the 4th quarter. Van ECK Associates Corp now owns 1,469,667 shares of the closed-end fund’s stock worth $12,639,000 after purchasing an additional 194,096 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Nuveen Municipal Value Fund by 6.4% in the 3rd quarter. LPL Financial LLC now owns 1,018,508 shares of the closed-end fund’s stock worth $8,413,000 after purchasing an additional 61,190 shares in the last quarter. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

Nuveen Municipal Value Fund stock opened at $8.50 on Friday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $7.86 and a 12 month high of $8.93. The stock has a fifty day simple moving average of $8.55 and a two-hundred day simple moving average of $8.61.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be issued a $0.029 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, June 14th.

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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