Granby Capital Management LLC Sells 200,000 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Granby Capital Management LLC cut its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV - Free Report) by 15.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,100,000 shares of the closed-end fund's stock after selling 200,000 shares during the quarter. Nuveen Municipal Value Fund accounts for about 4.9% of Granby Capital Management LLC's investment portfolio, making the stock its 7th largest holding. Granby Capital Management LLC's holdings in Nuveen Municipal Value Fund were worth $9,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Flagship Wealth Advisors LLC bought a new position in Nuveen Municipal Value Fund during the fourth quarter valued at $27,000. South Plains Financial Inc. purchased a new stake in shares of Nuveen Municipal Value Fund during the fourth quarter valued at about $37,000. Hurley Capital LLC purchased a new position in shares of Nuveen Municipal Value Fund in the 4th quarter valued at approximately $44,000. Barrett & Company Inc. lifted its holdings in shares of Nuveen Municipal Value Fund by 70.8% during the fourth quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund's stock worth $73,000 after purchasing an additional 3,500 shares during the period. Finally, Narwhal Capital Management purchased a new position in shares of Nuveen Municipal Value Fund during the fourth quarter worth $86,000. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen Municipal Value Fund Stock Performance

Shares of NUV traded down $0.08 during trading hours on Wednesday, hitting $8.59. The stock had a trading volume of 727,684 shares, compared to its average volume of 477,833. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $8.07 and a fifty-two week high of $9.15. The firm has a 50-day moving average price of $8.66 and a 200 day moving average price of $8.74.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.0325 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, May 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.