Private Wealth Partners LLC Sells 15,750 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Private Wealth Partners LLC cut its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 40.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,300 shares of the closed-end fund’s stock after selling 15,750 shares during the period. Private Wealth Partners LLC’s holdings in Nuveen Municipal Value Fund were worth $200,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NUV. DAVENPORT & Co LLC grew its holdings in shares of Nuveen Municipal Value Fund by 1.8% during the third quarter. DAVENPORT & Co LLC now owns 97,642 shares of the closed-end fund’s stock valued at $807,000 after buying an additional 1,750 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the third quarter valued at $132,000. TIAA Trust National Association purchased a new stake in shares of Nuveen Municipal Value Fund during the third quarter valued at $167,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Municipal Value Fund by 13.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 473,236 shares of the closed-end fund’s stock valued at $3,909,000 after buying an additional 54,486 shares during the last quarter. Finally, Wolff Financial Management LLC purchased a new stake in shares of Nuveen Municipal Value Fund during the third quarter valued at $281,000. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

Shares of NUV remained flat at $8.45 during trading hours on Friday. 254,350 shares of the stock were exchanged, compared to its average volume of 379,554. Nuveen Municipal Value Fund, Inc. has a 12-month low of $7.86 and a 12-month high of $8.93. The stock has a 50-day simple moving average of $8.63 and a two-hundred day simple moving average of $8.54.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a $0.029 dividend. This represents a $0.35 annualized dividend and a yield of 4.12%. The ex-dividend date is Friday, April 12th.

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.