RFG Advisory LLC Trims Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

RFG Advisory LLC trimmed its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 46.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,200 shares of the closed-end fund’s stock after selling 10,600 shares during the quarter. RFG Advisory LLC’s holdings in Nuveen Municipal Value Fund were worth $106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Holdings Inc. purchased a new position in Nuveen Municipal Value Fund during the 4th quarter worth $275,000. BlueChip Wealth Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the 4th quarter worth approximately $219,000. Tortoise Investment Management LLC boosted its stake in shares of Nuveen Municipal Value Fund by 27.1% during the fourth quarter. Tortoise Investment Management LLC now owns 1,611,003 shares of the closed-end fund’s stock valued at $13,855,000 after purchasing an additional 343,815 shares in the last quarter. Virtu Financial LLC purchased a new position in Nuveen Municipal Value Fund during the fourth quarter valued at approximately $168,000. Finally, Granby Capital Management LLC lifted its holdings in Nuveen Municipal Value Fund by 23.8% during the fourth quarter. Granby Capital Management LLC now owns 1,300,000 shares of the closed-end fund’s stock worth $11,180,000 after buying an additional 250,000 shares during the period. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Up 0.5 %

Shares of NYSE:NUV opened at $8.58 on Thursday. Nuveen Municipal Value Fund, Inc. has a 12-month low of $7.86 and a 12-month high of $8.93. The business’s fifty day simple moving average is $8.54 and its 200-day simple moving average is $8.62.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.029 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.35 annualized dividend and a yield of 4.06%.

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.