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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in 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 valued at $34,000 after purchasing an additional 2,836 shares during the last quarter. Private Trust Co. NA increased its position in 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 valued at $50,000 after acquiring an additional 2,990 shares during the period. Summit X LLC acquired a new stake in shares of Nuveen Municipal Value Fund during the first quarter worth $393,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Nuveen Municipal Value Fund by 27.2% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 1,722,971 shares of the closed-end fund's stock valued at $15,110,000 after buying an additional 368,559 shares in the last quarter. Finally, Sowell Financial Services LLC bought a new position in shares of Nuveen Municipal Value Fund in the first quarter valued at $94,000. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

NYSE:NUV traded up $0.01 during mid-day trading on Tuesday, hitting $8.59. 252,356 shares of the stock traded hands, compared to its average volume of 471,606. The business's 50-day moving average price is $8.59 and its 200 day moving average price is $8.66. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.38 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

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