Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Sold by Granby Capital Management LLC

Granby Capital Management LLC reduced its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 15.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,100,000 shares of the closed-end fund's stock after selling 200,000 shares during the period. Nuveen Municipal Value Fund comprises about 4.9% of Granby Capital Management LLC's investment portfolio, making the stock its 7th biggest position. Granby Capital Management LLC's holdings in Nuveen Municipal Value Fund were worth $9,449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NUV. Breakwater Capital Group raised its holdings in shares of Nuveen Municipal Value Fund by 6.4% in the fourth quarter. Breakwater Capital Group now owns 121,589 shares of the closed-end fund's stock valued at $1,044,000 after buying an additional 7,339 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Municipal Value Fund by 51.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,354,412 shares of the closed-end fund's stock worth $11,634,000 after purchasing an additional 457,422 shares in the last quarter. Congress Park Capital LLC increased its holdings in shares of Nuveen Municipal Value Fund by 36.1% in the fourth quarter. Congress Park Capital LLC now owns 442,882 shares of the closed-end fund's stock valued at $3,804,000 after purchasing an additional 117,500 shares in the last quarter. Access Financial Services Inc. lifted its holdings in Nuveen Municipal Value Fund by 27.8% during the 4th quarter. Access Financial Services Inc. now owns 41,341 shares of the closed-end fund's stock worth $355,000 after buying an additional 8,996 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Nuveen Municipal Value Fund by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 169,053 shares of the closed-end fund's stock worth $1,452,000 after acquiring an additional 4,770 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Up 0.6%

Shares of NYSE:NUV traded up $0.06 during trading on Thursday, hitting $8.62. 289,678 shares of the company's stock were exchanged, compared to its average volume of 478,226. The firm has a 50-day moving average price of $8.66 and a two-hundred day moving average price of $8.74. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend is Thursday, May 15th.

About Nuveen Municipal Value Fund

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.