HighTower Advisors LLC Reduces Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

HighTower Advisors LLC reduced its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,761 shares of the closed-end fund’s stock after selling 2,362 shares during the quarter. HighTower Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rivernorth Capital Management LLC lifted its stake in Nuveen Municipal Value Fund by 9.1% in the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after buying an additional 618,364 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Nuveen Municipal Value Fund in the 4th quarter valued at $19,874,000. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal Value Fund by 51.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund’s stock valued at $11,634,000 after purchasing an additional 457,422 shares during the last quarter. Van ECK Associates Corp boosted its stake in Nuveen Municipal Value Fund by 4.4% during the 4th quarter. Van ECK Associates Corp now owns 1,237,733 shares of the closed-end fund’s stock worth $10,632,000 after purchasing an additional 52,200 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new position in Nuveen Municipal Value Fund during the 3rd quarter worth $10,409,000. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

NYSE NUV opened at $8.73 on Friday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.35 and a one year high of $9.15. The firm’s fifty day moving average is $8.78 and its two-hundred day moving average is $8.84.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Friday, March 14th.

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.