1607 Capital Partners LLC Trims Stock Position in Nuveen Municipal Value Fund, Inc. $NUV

1607 Capital Partners LLC lessened its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 7.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,365,170 shares of the closed-end fund’s stock after selling 186,584 shares during the period. Nuveen Municipal Value Fund comprises approximately 1.6% of 1607 Capital Partners LLC’s holdings, making the stock its 15th biggest position. 1607 Capital Partners LLC owned approximately 1.14% of Nuveen Municipal Value Fund worth $21,239,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Nuveen Municipal Value Fund by 30.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,873 shares of the closed-end fund’s stock worth $60,000 after acquiring an additional 1,617 shares during the last quarter. CWM LLC grew its holdings in Nuveen Municipal Value Fund by 38.3% during the third quarter. CWM LLC now owns 11,270 shares of the closed-end fund’s stock valued at $101,000 after purchasing an additional 3,123 shares during the period. Jane Street Group LLC bought a new stake in Nuveen Municipal Value Fund during the second quarter valued at about $101,000. Essex Bank purchased a new stake in Nuveen Municipal Value Fund in the third quarter worth about $103,000. Finally, Lionsbridge Wealth Management LLC purchased a new stake in Nuveen Municipal Value Fund in the third quarter worth about $104,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Down 0.2%

NYSE NUV opened at $9.14 on Friday. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.38 and a 52 week high of $9.26. The stock’s 50-day moving average price is $9.15 and its 200-day moving average price is $9.04.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.0325 per share. The ex-dividend date is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Nuveen Municipal Value Fund Company Profile

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.