Advisors Asset Management Inc. Sells 64,745 Shares of Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Advisors Asset Management Inc. has reduced its holdings in Nuveen Municipal Value Fund by 12%, selling 64,745 shares and owning 473,877 shares worth approximately $4.16 million as of the last reporting period.
• Nuveen Municipal Value Fund announced a monthly dividend of $0.0325 per share, with an annualized dividend yield of 4.4%, to be paid on October 1st to investors of record as of September 15th.
• Institutional investors collectively own 22.50% of the shares of Nuveen Municipal Value Fund, with several firms increasing their positions in the fund during the first quarter.

Advisors Asset Management Inc. reduced its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 473,877 shares of the closed-end fund's stock after selling 64,745 shares during the period. Advisors Asset Management Inc. owned about 0.23% of Nuveen Municipal Value Fund worth $4,156,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NUV. True North Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter valued at about $4,480,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen Municipal Value Fund by 27.2% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 1,722,971 shares of the closed-end fund's stock valued at $15,110,000 after acquiring an additional 368,559 shares in the last quarter. LPL Financial LLC boosted its position in shares of Nuveen Municipal Value Fund by 10.1% during the 1st quarter. LPL Financial LLC now owns 1,154,702 shares of the closed-end fund's stock valued at $10,127,000 after acquiring an additional 106,291 shares in the last quarter. Dynamic Financial Group boosted its position in shares of Nuveen Municipal Value Fund by 452.5% during the 1st quarter. Dynamic Financial Group now owns 104,061 shares of the closed-end fund's stock valued at $913,000 after acquiring an additional 85,226 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in shares of Nuveen Municipal Value Fund by 4.7% during the 1st quarter. Guggenheim Capital LLC now owns 1,507,789 shares of the closed-end fund's stock valued at $13,223,000 after acquiring an additional 68,307 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Trading Up 0.5%

Shares of Nuveen Municipal Value Fund stock opened at $8.77 on Friday. The firm's 50-day simple moving average is $8.63 and its 200-day simple moving average is $8.64. Nuveen Municipal Value Fund, Inc. has a twelve month low of $8.38 and a twelve month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.0325 per share. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Nuveen Municipal Value Fund Company 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.

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