Nuveen Municipal Value Fund, Inc. $NUV Holdings Trimmed by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV trimmed its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 14.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 41,215 shares of the closed-end fund’s stock after selling 6,750 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Nuveen Municipal Value Fund were worth $358,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 1607 Capital Partners LLC grew its position in Nuveen Municipal Value Fund by 2.4% during the 1st quarter. 1607 Capital Partners LLC now owns 2,718,221 shares of the closed-end fund’s stock worth $23,839,000 after purchasing an additional 63,018 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Nuveen Municipal Value Fund by 2.9% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,012,078 shares of the closed-end fund’s stock valued at $17,646,000 after buying an additional 57,097 shares during the period. Guggenheim Capital LLC boosted its stake in shares of Nuveen Municipal Value Fund by 4.7% during the 1st quarter. Guggenheim Capital LLC now owns 1,507,789 shares of the closed-end fund’s stock valued at $13,223,000 after buying an additional 68,307 shares during the period. LPL Financial LLC boosted its stake in shares of Nuveen Municipal Value Fund by 10.1% during the 1st quarter. LPL Financial LLC now owns 1,154,702 shares of the closed-end fund’s stock valued at $10,127,000 after buying an additional 106,291 shares during the period. Finally, Congress Park Capital LLC boosted its stake in shares of Nuveen Municipal Value Fund by 9.7% during the 2nd quarter. Congress Park Capital LLC now owns 551,632 shares of the closed-end fund’s stock valued at $4,794,000 after buying an additional 48,750 shares during the period. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE:NUV opened at $9.03 on Friday. The firm has a fifty day moving average of $8.75 and a two-hundred day moving average of $8.66. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.38 and a 12-month high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.0325 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.