Nuveen Municipal Value Fund, Inc. $NUV Stake Cut by Petra Financial Advisors Inc.

Petra Financial Advisors Inc. cut its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 9.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,038 shares of the closed-end fund’s stock after selling 1,462 shares during the quarter. Petra Financial Advisors Inc.’s holdings in Nuveen Municipal Value Fund were worth $122,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of NUV. Ameritas Advisory Services LLC bought a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter worth about $33,000. Dagco Inc. bought a new position in Nuveen Municipal Value Fund in the first quarter worth about $42,000. Flagship Wealth Advisors LLC lifted its holdings in Nuveen Municipal Value Fund by 80.0% in the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund’s stock worth $49,000 after acquiring an additional 2,500 shares during the last quarter. Private Trust Co. NA lifted its holdings in Nuveen Municipal Value Fund by 109.4% in the first quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund’s stock worth $50,000 after acquiring an additional 2,990 shares during the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Nuveen Municipal Value Fund by 138.0% in the 1st quarter. Harbour Investments Inc. now owns 9,507 shares of the closed-end fund’s stock worth $83,000 after purchasing an additional 5,512 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE NUV opened at $9.00 on Tuesday. Nuveen Municipal Value Fund, Inc. has a 12-month low of $8.38 and a 12-month high of $9.10. The stock’s 50 day simple moving average is $8.89 and its 200 day simple moving average is $8.70.

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 $0.0325 dividend. 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 Company 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.