Truist Financial Corp Sells 7,849 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Truist Financial Corp reduced its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUVGet Rating) by 33.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,715 shares of the closed-end fund’s stock after selling 7,849 shares during the period. Truist Financial Corp’s holdings in Nuveen Municipal Value Fund were worth $150,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Chilton Capital Management LLC bought a new position in Nuveen Municipal Value Fund in the 4th quarter worth about $26,000. First Horizon Advisors Inc. boosted its stake in shares of Nuveen Municipal Value Fund by 26.6% during the fourth quarter. First Horizon Advisors Inc. now owns 13,482 shares of the closed-end fund’s stock valued at $139,000 after purchasing an additional 2,834 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Nuveen Municipal Value Fund by 20.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 16,910 shares of the closed-end fund’s stock valued at $176,000 after purchasing an additional 2,884 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Nuveen Municipal Value Fund by 18.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 18,966 shares of the closed-end fund’s stock valued at $197,000 after purchasing an additional 2,971 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its stake in shares of Nuveen Municipal Value Fund by 5.6% during the first quarter. Wedbush Securities Inc. now owns 61,916 shares of the closed-end fund’s stock valued at $593,000 after purchasing an additional 3,275 shares in the last quarter. 14.53% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Trading Up 0.5 %

NYSE NUV opened at $9.30 on Monday. The firm’s 50 day moving average price is $9.01 and its 200-day moving average price is $9.35. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.49 and a 52-week high of $11.94.

Nuveen Municipal Value Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 1st. Stockholders of record on Friday, July 15th will be paid a dividend of $0.028 per share. The ex-dividend date is Thursday, July 14th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.61%.

About Nuveen Municipal Value Fund

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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.

See Also

Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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