Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 15.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,048,411 shares of the closed-end fund’s stock after selling 184,984 shares during the period. LPL Financial LLC’s holdings in Nuveen Municipal Value Fund were worth $9,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Good Life Advisors LLC boosted its position in Nuveen Municipal Value Fund by 2.9% during the fourth quarter. Good Life Advisors LLC now owns 41,961 shares of the closed-end fund’s stock worth $360,000 after purchasing an additional 1,186 shares in the last quarter. Optimum Investment Advisors raised its stake in shares of Nuveen Municipal Value Fund by 3.0% during the 4th quarter. Optimum Investment Advisors now owns 51,200 shares of the closed-end fund’s stock worth $440,000 after buying an additional 1,500 shares during the last quarter. Roman Butler Fullerton & Co. boosted its position in shares of Nuveen Municipal Value Fund by 1.1% in the 4th quarter. Roman Butler Fullerton & Co. now owns 175,887 shares of the closed-end fund’s stock worth $1,537,000 after buying an additional 1,910 shares in the last quarter. Moloney Securities Asset Management LLC grew its stake in Nuveen Municipal Value Fund by 10.2% in the 4th quarter. Moloney Securities Asset Management LLC now owns 22,039 shares of the closed-end fund’s stock valued at $189,000 after acquiring an additional 2,039 shares during the last quarter. Finally, Seamount Financial Group Inc. increased its holdings in Nuveen Municipal Value Fund by 5.0% during the 4th quarter. Seamount Financial Group Inc. now owns 48,002 shares of the closed-end fund’s stock valued at $412,000 after acquiring an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Down 0.7 %

Shares of NYSE NUV opened at $8.67 on Friday. The firm’s 50-day moving average is $8.79 and its two-hundred day moving average is $8.83. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.35 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.0325 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.39 dividend on an annualized basis and a yield of 4.50%.

About Nuveen Municipal Value Fund

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.