Wells Fargo & Company MN Trims Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Wells Fargo & Company MN decreased its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUVFree Report) by 9.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 861,727 shares of the closed-end fund’s stock after selling 84,836 shares during the period. Wells Fargo & Company MN’s holdings in Nuveen Municipal Value Fund were worth $7,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NUV. UBS Group AG raised its stake in Nuveen Municipal Value Fund by 27.5% in the 4th quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock worth $48,221,000 after acquiring an additional 1,208,804 shares during the last quarter. Tortoise Investment Management LLC raised its stake in shares of Nuveen Municipal Value Fund by 39.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,762,966 shares of the closed-end fund’s stock valued at $15,514,000 after buying an additional 495,778 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Nuveen Municipal Value Fund by 36.3% during the 3rd quarter. Van ECK Associates Corp now owns 1,275,571 shares of the closed-end fund’s stock valued at $10,536,000 after buying an additional 339,999 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Nuveen Municipal Value Fund by 44.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 621,115 shares of the closed-end fund’s stock valued at $5,342,000 after buying an additional 191,461 shares during the last quarter. Finally, 1607 Capital Partners LLC raised its stake in shares of Nuveen Municipal Value Fund by 5.8% during the 3rd quarter. 1607 Capital Partners LLC now owns 3,181,653 shares of the closed-end fund’s stock valued at $26,280,000 after buying an additional 174,184 shares during the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Down 0.2 %

NYSE NUV opened at $8.50 on Friday. The stock has a 50-day simple moving average of $8.55 and a two-hundred day simple moving average of $8.61. Nuveen Municipal Value Fund, Inc. has a fifty-two week low of $7.86 and a fifty-two week high of $8.93.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.029 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.09%.

Nuveen Municipal Value Fund Profile

(Free Report)

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.

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

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