Commonwealth Equity Services LLC Cuts Stock Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Commonwealth Equity Services LLC trimmed its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 408,627 shares of the closed-end fund’s stock after selling 25,427 shares during the period. Commonwealth Equity Services LLC’s holdings in Nuveen Municipal Value Fund were worth $3,510,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Avantax Advisory Services Inc. acquired a new stake in Nuveen Municipal Value Fund in the 4th quarter worth about $120,000. Essential Planning LLC. purchased a new position in shares of Nuveen Municipal Value Fund in the fourth quarter valued at approximately $4,691,000. Raymond James Financial Inc. acquired a new stake in shares of Nuveen Municipal Value Fund in the fourth quarter worth approximately $19,874,000. Steward Partners Investment Advisory LLC boosted its stake in shares of Nuveen Municipal Value Fund by 17.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 115,846 shares of the closed-end fund’s stock worth $995,000 after acquiring an additional 16,991 shares during the last quarter. Finally, NINE MASTS CAPITAL Ltd purchased a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter worth approximately $554,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV stock opened at $8.85 on Tuesday. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.35 and a fifty-two week high of $9.15. The stock’s fifty day moving average is $8.78 and its two-hundred day moving average is $8.84.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, March 14th.

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.