Nuveen Municipal Value Fund, Inc. $NUV Position Lessened by True North Advisors LLC

Key Points

• True North Advisors LLC has reduced its position in the Nuveen Municipal Value Fund by 19.2% during the second quarter, now owning 412,922 shares valued at approximately $3.6 million.
• Several hedge funds have recently either acquired new positions or increased their holdings in the fund, with 22.50% of the stock owned by institutional investors and hedge funds.
• The Nuveen Municipal Value Fund announced a monthly dividend of $0.0325 with a dividend yield of 4.4%, set to be paid on October 1st.

True North Advisors LLC trimmed its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 19.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 412,922 shares of the closed-end fund's stock after selling 97,855 shares during the quarter. Nuveen Municipal Value Fund comprises 0.7% of True North Advisors LLC's portfolio, making the stock its 27th biggest holding. True North Advisors LLC owned 0.20% of Nuveen Municipal Value Fund worth $3,588,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Golden State Equity Partners acquired a new position in Nuveen Municipal Value Fund during the second quarter worth $140,000. Annex Advisory Services LLC acquired a new position in Nuveen Municipal Value Fund during the second quarter worth $101,000. Congress Park Capital LLC increased its position in Nuveen Municipal Value Fund by 9.7% during the second quarter. Congress Park Capital LLC now owns 551,632 shares of the closed-end fund's stock worth $4,794,000 after buying an additional 48,750 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Nuveen Municipal Value Fund by 85.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 27,021 shares of the closed-end fund's stock worth $236,000 after buying an additional 12,468 shares during the last quarter. Finally, High Net Worth Advisory Group LLC increased its position in Nuveen Municipal Value Fund by 7.7% during the second quarter. High Net Worth Advisory Group LLC now owns 70,000 shares of the closed-end fund's stock worth $608,000 after buying an additional 5,000 shares during the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

Nuveen Municipal Value Fund stock opened at $8.97 on Friday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.15. The company's fifty day moving average price is $8.69 and its two-hundred day moving average price is $8.65.

Nuveen Municipal Value Fund Announces Dividend

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. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, September 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.