Nuveen Municipal Value Fund, Inc. $NUV Holdings Lessened by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC reduced its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 8.4% during the 3rd quarter, Holdings Channel reports. The fund owned 653,430 shares of the closed-end fund’s stock after selling 59,920 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Nuveen Municipal Value Fund were worth $5,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its stake in Nuveen Municipal Value Fund by 17.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,862,303 shares of the closed-end fund’s stock worth $26,390,000 after purchasing an additional 422,222 shares in the last quarter. Bank of America Corp DE purchased a new stake in Nuveen Municipal Value Fund during the 2nd quarter worth about $11,867,000. Van ECK Associates Corp raised its position in Nuveen Municipal Value Fund by 3.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,098,087 shares of the closed-end fund’s stock valued at $10,124,000 after purchasing an additional 31,841 shares in the last quarter. Royal Bank of Canada raised its position in Nuveen Municipal Value Fund by 8.7% in the 1st quarter. Royal Bank of Canada now owns 620,206 shares of the closed-end fund’s stock valued at $5,576,000 after purchasing an additional 49,645 shares in the last quarter. Finally, Tortoise Investment Management LLC acquired a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at about $4,703,000. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Nuveen Municipal Value Fund

In other news, insider Young L. Robert bought 36,430 shares of Nuveen Municipal Value Fund stock in a transaction that occurred on Friday, October 23rd. The shares were purchased at an average price of $8.25 per share, with a total value of $300,547.50. Following the completion of the acquisition, the insider directly owned 36,430 shares in the company, valued at $300,547.50. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Nuveen Municipal Value Fund Trading Down 0.7%

Shares of NUV opened at $8.36 on Friday. The stock has a 50-day simple moving average of $8.43 and a 200-day simple moving average of $8.95. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.02 and a 1 year high of $9.26.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, November 13th.

Nuveen Municipal Value Fund Profile

Nuveen Municipal Value Fund, Inc is a closed-end fund listed on the New York Stock Exchange under the symbol NUV. The fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal securities issued by states, cities, counties, and other governmental entities in the United States.

Its portfolio may include a range of tax-exempt obligations, such as general obligation bonds, revenue bonds, and other municipal debt securities.