Ackerman Capital Advisors LLC Has $131,000 Stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Key Points

• Ackerman Capital Advisors LLC significantly decreased its position in Nuveen Municipal Value Fund, Inc., reducing ownership by 68.4% in the first quarter, now holding shares worth $131,000.
• Other institutional investors, such as Mariner LLC and Narwhal Capital Management, have increased their stakes, with Farther Finance Advisors LLC leading with a 274.5% increase in the same period.
• Nuveen Municipal Value Fund recently declared a monthly dividend of $0.0325 per share, yielding approximately 4.5% annually.

Ackerman Capital Advisors LLC reduced its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 68.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,982 shares of the closed-end fund's stock after selling 32,490 shares during the quarter. Ackerman Capital Advisors LLC's holdings in Nuveen Municipal Value Fund were worth $131,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NUV. Farther Finance Advisors LLC increased its position in Nuveen Municipal Value Fund by 274.5% in the 1st quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock worth $34,000 after buying an additional 2,836 shares during the period. South Plains Financial Inc. bought a new position in Nuveen Municipal Value Fund in the 4th quarter worth approximately $37,000. Hurley Capital LLC bought a new position in Nuveen Municipal Value Fund in the 4th quarter worth approximately $44,000. EQ Wealth Advisors LLC bought a new position in Nuveen Municipal Value Fund in the 1st quarter worth approximately $45,000. Finally, Private Trust Co. NA increased its position in Nuveen Municipal Value Fund by 109.4% in the 1st quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund's stock worth $50,000 after buying an additional 2,990 shares during the period. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NYSE NUV traded down $0.01 during trading on Thursday, hitting $8.62. The company's stock had a trading volume of 319,056 shares, compared to its average volume of 470,964. The firm has a 50 day moving average price of $8.59 and a 200 day moving average price of $8.66. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.38 and a 52 week high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Friday, August 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

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.