Optimum Investment Advisors Has $380,000 Stake in Nuveen Municipal Value Fund, Inc. $NUV

Optimum Investment Advisors trimmed its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 22.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 43,700 shares of the closed-end fund’s stock after selling 12,500 shares during the period. Optimum Investment Advisors’ holdings in Nuveen Municipal Value Fund were worth $380,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Nuveen Municipal Value Fund during the second quarter worth $33,000. Dagco Inc. bought a new stake in Nuveen Municipal Value Fund during the first quarter valued at about $42,000. Flagship Wealth Advisors LLC boosted its holdings in Nuveen Municipal Value Fund by 80.0% during the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund’s stock valued at $49,000 after acquiring an additional 2,500 shares during the period. Private Trust Co. NA boosted its holdings in Nuveen Municipal Value Fund by 109.4% during the first quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund’s stock valued at $50,000 after acquiring an additional 2,990 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Nuveen Municipal Value Fund by 138.0% during the first quarter. Harbour Investments Inc. now owns 9,507 shares of the closed-end fund’s stock valued at $83,000 after acquiring an additional 5,512 shares during the period. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NUV stock opened at $9.02 on Friday. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.38 and a 52-week high of $9.10. The company has a 50-day moving average of $8.88 and a two-hundred day moving average of $8.69.

Nuveen Municipal Value Fund Dividend Announcement

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

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.