Tortoise Investment Management LLC Sells 594,605 Shares of Nuveen Municipal Value Fund, Inc. $NUV

Tortoise Investment Management LLC lessened its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 43.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 765,156 shares of the closed-end fund’s stock after selling 594,605 shares during the quarter. Tortoise Investment Management LLC’s holdings in Nuveen Municipal Value Fund were worth $6,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of NUV. Ameritas Advisory Services LLC bought a new position in Nuveen Municipal Value Fund in the 2nd quarter worth $33,000. Dagco Inc. bought a new position in shares of Nuveen Municipal Value Fund during the 1st quarter valued at approximately $42,000. Flagship Wealth Advisors LLC increased its holdings in Nuveen Municipal Value Fund by 80.0% in the 1st quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund’s stock worth $49,000 after acquiring an additional 2,500 shares in the last quarter. SouthState Corp bought a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth approximately $58,000. Finally, Harbour Investments Inc. lifted its holdings in Nuveen Municipal Value Fund by 138.0% during the first quarter. Harbour Investments Inc. now owns 9,507 shares of the closed-end fund’s stock valued at $83,000 after purchasing an additional 5,512 shares in the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Down 0.8%

NUV opened at $9.04 on Friday. The company has a 50 day simple moving average of $9.00 and a two-hundred day simple moving average of $8.74. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.38 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Nuveen Municipal Value Fund Company 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.