Creative Planning Lowers Stock Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Creative Planning lessened its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 23.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,926 shares of the closed-end fund’s stock after selling 4,000 shares during the quarter. Creative Planning’s holdings in Nuveen Municipal Value Fund were worth $117,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NUV. Tortoise Investment Management LLC increased its holdings in Nuveen Municipal Value Fund by 11.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock valued at $17,257,000 after acquiring an additional 202,782 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Nuveen Municipal Value Fund by 7.5% during the 2nd quarter. Van ECK Associates Corp now owns 1,218,863 shares of the closed-end fund’s stock worth $10,519,000 after purchasing an additional 85,446 shares during the period. Advisors Asset Management Inc. increased its position in Nuveen Municipal Value Fund by 1.9% during the 1st quarter. Advisors Asset Management Inc. now owns 662,242 shares of the closed-end fund’s stock worth $5,768,000 after purchasing an additional 12,203 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen Municipal Value Fund by 4.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 646,473 shares of the closed-end fund’s stock valued at $5,579,000 after acquiring an additional 28,400 shares during the period. Finally, Congress Park Capital LLC raised its position in Nuveen Municipal Value Fund by 41.7% in the second quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock valued at $4,254,000 after purchasing an additional 145,000 shares during the period. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NYSE NUV opened at $8.87 on Wednesday. The business has a 50 day moving average price of $9.01 and a two-hundred day moving average price of $8.78. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.27 and a fifty-two week high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.031 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.37 dividend on an annualized basis and a yield of 4.19%.

Nuveen Municipal Value Fund Profile

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.