Access Financial Services Inc. Sells 20,267 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Access Financial Services Inc. cut its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 22.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,678 shares of the closed-end fund’s stock after selling 20,267 shares during the quarter. Access Financial Services Inc.’s holdings in Nuveen Municipal Value Fund were worth $616,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV lifted its holdings in Nuveen Municipal Value Fund by 3.0% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 45,080 shares of the closed-end fund’s stock valued at $381,000 after purchasing an additional 1,310 shares during the last quarter. Mariner LLC lifted its holdings in Nuveen Municipal Value Fund by 6.7% during the 1st quarter. Mariner LLC now owns 22,054 shares of the closed-end fund’s stock valued at $211,000 after purchasing an additional 1,381 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Nuveen Municipal Value Fund by 8.4% during the 2nd quarter. Private Advisor Group LLC now owns 17,753 shares of the closed-end fund’s stock valued at $154,000 after purchasing an additional 1,383 shares during the last quarter. Citigroup Inc. lifted its holdings in Nuveen Municipal Value Fund by 98.7% during the 1st quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund’s stock valued at $29,000 after purchasing an additional 1,481 shares during the last quarter. Finally, Cetera Advisor Networks LLC lifted its holdings in Nuveen Municipal Value Fund by 11.9% during the 2nd quarter. Cetera Advisor Networks LLC now owns 14,327 shares of the closed-end fund’s stock valued at $125,000 after purchasing an additional 1,528 shares during the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Up 0.1 %

Shares of Nuveen Municipal Value Fund stock opened at $8.71 on Friday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $9.08. The business has a fifty day simple moving average of $8.73 and a two-hundred day simple moving average of $8.49.

Nuveen Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a $0.029 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Thursday, March 14th.

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.