Nuveen Municipal Value Fund, Inc. $NUV Position Cut by Tortoise Investment Management LLC

Tortoise Investment Management LLC trimmed its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 74.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 112,749 shares of the closed-end fund’s stock after selling 324,206 shares during the quarter. Tortoise Investment Management LLC’s holdings in Nuveen Municipal Value Fund were worth $1,022,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Nuveen Municipal Value Fund by 46.5% in the third quarter. Jones Financial Companies Lllp now owns 632,281 shares of the closed-end fund’s stock valued at $5,703,000 after buying an additional 200,562 shares during the last quarter. Seven Mile Advisory bought a new stake in Nuveen Municipal Value Fund in the third quarter valued at $5,563,000. Bar Harbor Wealth Management lifted its stake in Nuveen Municipal Value Fund by 32.3% in the fourth quarter. Bar Harbor Wealth Management now owns 370,825 shares of the closed-end fund’s stock valued at $3,360,000 after buying an additional 90,462 shares during the last quarter. UBS Group AG lifted its stake in Nuveen Municipal Value Fund by 2.0% in the fourth quarter. UBS Group AG now owns 7,181,215 shares of the closed-end fund’s stock valued at $65,062,000 after buying an additional 143,742 shares during the last quarter. Finally, Howard Financial Services LTD. bought a new stake in Nuveen Municipal Value Fund in the fourth quarter valued at $816,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Trading Down 0.6%

NUV stock opened at $9.02 on Tuesday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.43 and a 1 year high of $9.26. The stock’s fifty day moving average is $9.12 and its two-hundred day moving average is $9.10.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a dividend of $0.0325 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, May 15th.

About Nuveen Municipal Value Fund

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.