WealthBridge Capital Management LLC Sells 9,189 Shares of Nuveen Municipal Value Fund, Inc. $NUV

WealthBridge Capital Management LLC decreased its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 22.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,710 shares of the closed-end fund’s stock after selling 9,189 shares during the period. WealthBridge Capital Management LLC’s holdings in Nuveen Municipal Value Fund were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. True North Advisors LLC bought a new stake in shares of Nuveen Municipal Value Fund during the first quarter valued at about $4,480,000. 1607 Capital Partners LLC grew its stake in Nuveen Municipal Value Fund by 2.4% during the first quarter. 1607 Capital Partners LLC now owns 2,718,221 shares of the closed-end fund’s stock valued at $23,839,000 after acquiring an additional 63,018 shares in the last quarter. Dynamic Financial Group grew its stake in Nuveen Municipal Value Fund by 47.5% during the second quarter. Dynamic Financial Group now owns 153,522 shares of the closed-end fund’s stock valued at $1,334,000 after acquiring an additional 49,461 shares in the last quarter. LPL Financial LLC increased its holdings in 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 worth $10,127,000 after acquiring an additional 106,291 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Nuveen Municipal Value Fund by 13.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 29,547 shares of the closed-end fund’s stock worth $259,000 after purchasing an additional 3,425 shares in the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE:NUV opened at $9.04 on Friday. The firm has a fifty day moving average price of $9.02 and a two-hundred day moving average price of $8.76. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.0325 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend 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.