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. cut its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 12.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 quarter.

A number of other institutional investors have also made changes to their positions in NUV. Farther Finance Advisors LLC grew its position in Nuveen Municipal Value Fund by 274.5% in the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock valued at $34,000 after purchasing an additional 2,836 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of 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 buying an additional 2,990 shares during the last quarter. Summit X LLC bought a new position in shares of Nuveen Municipal Value Fund in the 1st quarter valued at about $393,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Municipal Value Fund by 27.2% in 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. Finally, True North Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at about $4,480,000. Institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Performance

NUV traded up $0.04 on Thursday, hitting $8.93. 350,332 shares of the company were exchanged, compared to its average volume of 462,121. The stock's fifty day moving average is $8.64 and its 200-day moving average is $8.64. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.38 and a 12 month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a $0.0325 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 15th.

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.