Cresta Advisors Ltd. Sells 30,000 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Key Points

• Cresta Advisors Ltd. reduced its holdings in the Nuveen Municipal Value Fund by 14.2%, selling 30,000 shares and now owning a total of 180,840 shares.
• Nuveen Municipal Value Fund announced a monthly dividend of $0.0325 per share, representing an annualized yield of 4.5%, payable on September 2nd.
• A significant increase in holdings was observed from other hedge funds, with Farther Finance Advisors LLC boosting its stake by 274.5% during the same quarter.

Cresta Advisors Ltd. trimmed its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 14.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,840 shares of the closed-end fund's stock after selling 30,000 shares during the period. Nuveen Municipal Value Fund makes up approximately 0.8% of Cresta Advisors Ltd.'s investment portfolio, making the stock its 24th largest position. Cresta Advisors Ltd. owned about 0.09% of Nuveen Municipal Value Fund worth $1,586,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its position in shares of Nuveen Municipal Value Fund by 2.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,324,935 shares of the closed-end fund's stock worth $11,381,000 after purchasing an additional 26,623 shares in the last quarter. Wedbush Securities Inc. grew its stake in Nuveen Municipal Value Fund by 6.2% in the fourth quarter. Wedbush Securities Inc. now owns 51,106 shares of the closed-end fund's stock valued at $439,000 after acquiring an additional 3,005 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Nuveen Municipal Value Fund during the fourth quarter worth approximately $19,874,000. Rockefeller Capital Management L.P. grew its position in Nuveen Municipal Value Fund by 16.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 395,809 shares of the closed-end fund's stock valued at $3,400,000 after purchasing an additional 55,532 shares during the period. Finally, Mariner LLC increased its stake in Nuveen Municipal Value Fund by 2.5% during the 4th quarter. Mariner LLC now owns 56,910 shares of the closed-end fund's stock valued at $489,000 after purchasing an additional 1,390 shares in the last quarter. Institutional investors and hedge funds own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Down 0.1%

Shares of NUV stock traded down $0.01 during trading hours on Monday, reaching $8.64. The company had a trading volume of 202,479 shares, compared to its average volume of 468,354. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.38 and a 12 month high of $9.15. The business has a fifty day simple moving average of $8.59 and a 200-day simple moving average of $8.66.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be given a $0.0325 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 15th.

Nuveen Municipal Value Fund 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.