Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Stake Reduced by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 23.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,950 shares of the closed-end fund’s stock after selling 5,777 shares during the quarter. Truist Financial Corp’s holdings in Nuveen Municipal Value Fund were worth $164,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the second quarter worth $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Nuveen Municipal Value Fund in the second quarter worth $36,000. Family Firm Inc. bought a new position in shares of Nuveen Municipal Value Fund in the second quarter worth $38,000. ORG Partners LLC bought a new position in shares of Nuveen Municipal Value Fund in the first quarter worth $84,000. Finally, Radnor Capital Management LLC bought a new position in shares of Nuveen Municipal Value Fund in the first quarter worth $87,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

NYSE:NUV opened at $9.11 on Friday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $9.15. The business has a fifty day moving average of $8.96 and a 200-day moving average of $8.72.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.031 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.37 annualized dividend and a yield of 4.08%.

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.