Pettinga Financial Advisors LLC Lowers Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Pettinga Financial Advisors LLC decreased its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 65.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,938 shares of the closed-end fund's stock after selling 67,062 shares during the quarter. Pettinga Financial Advisors LLC's holdings in Nuveen Municipal Value Fund were worth $309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NUV. Good Life Advisors LLC lifted its position in Nuveen Municipal Value Fund by 2.9% during the fourth quarter. Good Life Advisors LLC now owns 41,961 shares of the closed-end fund's stock valued at $360,000 after purchasing an additional 1,186 shares in the last quarter. Mariner LLC raised its stake in shares of Nuveen Municipal Value Fund by 2.5% in the fourth quarter. Mariner LLC now owns 56,910 shares of the closed-end fund's stock worth $489,000 after buying an additional 1,390 shares during the period. Optimum Investment Advisors lifted its position in shares of Nuveen Municipal Value Fund by 3.0% during the 4th quarter. Optimum Investment Advisors now owns 51,200 shares of the closed-end fund's stock valued at $440,000 after buying an additional 1,500 shares in the last quarter. Roman Butler Fullerton & Co. grew its stake in shares of Nuveen Municipal Value Fund by 1.1% during the 4th quarter. Roman Butler Fullerton & Co. now owns 175,887 shares of the closed-end fund's stock valued at $1,537,000 after acquiring an additional 1,910 shares during the period. Finally, Moloney Securities Asset Management LLC increased its holdings in Nuveen Municipal Value Fund by 10.2% in the 4th quarter. Moloney Securities Asset Management LLC now owns 22,039 shares of the closed-end fund's stock worth $189,000 after acquiring an additional 2,039 shares in the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

NYSE NUV traded up $0.05 on Tuesday, reaching $8.55. 389,381 shares of the stock were exchanged, compared to its average volume of 482,071. Nuveen Municipal Value Fund, Inc. has a one year low of $8.35 and a one year high of $9.15. The company's 50-day simple moving average is $8.63 and its two-hundred day simple moving average is $8.72.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, May 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.