Callahan Advisors LLC Has $400,000 Position in Nuveen Municipal Value Fund, Inc. $NUV

Key Points

• Callahan Advisors LLC reduced its stake in Nuveen Municipal Value Fund by 51.3% in Q2, owning 46,001 shares valued at approximately $400,000.
• Nuveen Municipal Value Fund recently declared a monthly dividend of $0.0325, with an annualized yield of 4.3%, payable to shareholders on November 3rd.
• The fund's stock price opened at $9.06, with a 12-month range between $8.38 and $9.15.

Callahan Advisors LLC reduced its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 51.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,001 shares of the closed-end fund's stock after selling 48,481 shares during the period. Callahan Advisors LLC's holdings in Nuveen Municipal Value Fund were worth $400,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the 2nd quarter valued at about $33,000. Farther Finance Advisors LLC boosted its position 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 valued at $34,000 after acquiring an additional 2,836 shares in the last quarter. Dagco Inc. acquired a new stake in shares of Nuveen Municipal Value Fund during the 1st quarter valued at about $42,000. EQ Wealth Advisors LLC acquired a new position in Nuveen Municipal Value Fund in the first quarter valued at about $45,000. Finally, Flagship Wealth Advisors LLC boosted 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 valued at $49,000 after buying an additional 2,500 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NYSE:NUV opened at $9.06 on Thursday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.38 and a 12 month high of $9.15. The company's 50-day moving average price is $8.82 and its two-hundred day moving average price is $8.68.

Nuveen Municipal Value Fund Announces Dividend

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

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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