Mesirow Financial Investment Management Inc. Cuts Stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Key Points

• Mesirow Financial Investment Management Inc. significantly reduced its stake in the Nuveen Municipal Value Fund by 75.2%, holding only 49,434 shares after selling 149,652 shares.
• Other investors have shown mixed activity, with Farther Finance Advisors LLC increasing their stake by 274.5%, while several firms purchased new stakes in the fund during the last quarter.
• The Nuveen Municipal Value Fund declared a monthly dividend of $0.0325 per share, offering an annual yield of 4.6%, set to be paid on August 1st.

Mesirow Financial Investment Management Inc. reduced its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 75.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,434 shares of the closed-end fund's stock after selling 149,652 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Nuveen Municipal Value Fund were worth $434,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NUV. Farther Finance Advisors LLC increased its stake in 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 worth $34,000 after buying an additional 2,836 shares during the period. South Plains Financial Inc. purchased a new stake in Nuveen Municipal Value Fund during the 4th quarter worth approximately $37,000. Hurley Capital LLC purchased a new stake in Nuveen Municipal Value Fund during the 4th quarter worth approximately $44,000. EQ Wealth Advisors LLC purchased a new stake in Nuveen Municipal Value Fund during the 1st quarter worth approximately $45,000. Finally, Private Trust Co. NA increased its stake in 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 period. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Up 0.6%

Shares of NUV opened at $8.55 on Friday. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.38 and a fifty-two week high of $9.15. The firm's 50 day moving average price is $8.58 and its 200 day moving average price is $8.67.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be issued a dividend of $0.0325 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, July 15th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.