Bar Harbor Wealth Management Lowers Stock Holdings in Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Bar Harbor Wealth Management reduced its holdings in Nuveen Municipal Value Fund by 16.4% during the second quarter, holding approximately 0.14% of the fund, valued at $2,568,000.
• Nuveen Municipal Value Fund declared a monthly dividend of $0.0325 per share, with a yield of 4.3%, scheduled for payment on November 3rd.
• The fund's shares are currently trading at $8.98, with a 12-month low of $8.38 and a high of $9.15.

Bar Harbor Wealth Management trimmed its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 16.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,458 shares of the closed-end fund's stock after selling 57,842 shares during the period. Bar Harbor Wealth Management owned about 0.14% of Nuveen Municipal Value Fund worth $2,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC lifted its position in shares of 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 purchasing an additional 2,836 shares during the period. Dagco Inc. purchased a new stake in Nuveen Municipal Value Fund during the first quarter valued at approximately $42,000. EQ Wealth Advisors LLC purchased a new stake in Nuveen Municipal Value Fund during the first quarter valued at approximately $45,000. Finally, Flagship Wealth Advisors LLC lifted its position in Nuveen Municipal Value Fund by 80.0% during the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund's stock valued at $49,000 after acquiring an additional 2,500 shares during the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

Shares of Nuveen Municipal Value Fund stock opened at $8.98 on Thursday. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.38 and a 12-month high of $9.15. The firm's 50 day simple moving average is $8.78 and its two-hundred day simple moving average is $8.67.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be given a dividend of $0.0325 per share. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Wednesday, October 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.

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