Breakwater Capital Group Sells 41,162 Shares of Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Breakwater Capital Group reduced its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 31.4% in the second quarter, now holding 89,998 shares worth $782,000.
• The fund has announced a monthly dividend of $0.0325, payable on October 1st, representing a 4.4% dividend yield.
• Institutional investors currently own 22.50% of Nuveen Municipal Value Fund, with various hedge funds making significant changes to their positions recently.

Breakwater Capital Group lowered its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 31.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,998 shares of the closed-end fund's stock after selling 41,162 shares during the quarter. Breakwater Capital Group's holdings in Nuveen Municipal Value Fund were worth $782,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its holdings in Nuveen Municipal Value Fund by 274.5% during the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund's stock worth $34,000 after acquiring an additional 2,836 shares during the period. Dagco Inc. bought a new stake in Nuveen Municipal Value Fund in the first quarter worth about $42,000. EQ Wealth Advisors LLC bought a new stake in Nuveen Municipal Value Fund in the first quarter worth about $45,000. Flagship Wealth Advisors LLC raised its position in Nuveen Municipal Value Fund by 80.0% in the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund's stock worth $49,000 after acquiring an additional 2,500 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of 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 purchasing an additional 2,990 shares during the period. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Trading Up 0.1%

Shares of NYSE:NUV traded up $0.01 during mid-day trading on Friday, reaching $8.98. The company had a trading volume of 376,068 shares, compared to its average volume of 438,178. The company's 50-day moving average price is $8.67 and its 200-day moving average price is $8.64. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a $0.0325 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 4.3%.

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.