Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Sold by Ackerman Capital Advisors LLC

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 cut its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 68.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 14,982 shares of the closed-end fund's stock after selling 32,490 shares during the period. Ackerman Capital Advisors LLC's holdings in Nuveen Municipal Value Fund were worth $131,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mariner LLC increased its holdings in shares of Nuveen Municipal Value Fund by 2.5% during the 4th quarter. Mariner LLC now owns 56,910 shares of the closed-end fund's stock worth $489,000 after buying an additional 1,390 shares during the last quarter. Narwhal Capital Management increased its holdings in shares of Nuveen Municipal Value Fund by 26.6% during the 1st quarter. Narwhal Capital Management now owns 12,725 shares of the closed-end fund's stock worth $112,000 after buying an additional 2,675 shares during the last quarter. Tandem Financial LLC increased its holdings in shares of Nuveen Municipal Value Fund by 2.2% during the 1st quarter. Tandem Financial LLC now owns 130,915 shares of the closed-end fund's stock worth $1,152,000 after buying an additional 2,818 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Nuveen Municipal Value Fund by 274.5% during 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 last quarter. Finally, Private Trust Co. NA boosted its position in Nuveen Municipal Value Fund by 109.4% during the 1st quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund's stock worth $50,000 after purchasing 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 Down 0.2%

Nuveen Municipal Value Fund stock traded down $0.02 during trading on Friday, reaching $8.61. 268,498 shares of the company's stock were exchanged, compared to its average volume of 469,541. The company's 50-day moving average is $8.59 and its two-hundred day moving average is $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 Announces Dividend

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

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.