Hudson Valley Investment Advisors Inc. ADV Decreases Stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Hudson Valley Investment Advisors Inc. ADV reduced its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 57.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,962 shares of the closed-end fund’s stock after selling 65,650 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Nuveen Municipal Value Fund were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Rivernorth Capital Management LLC raised its stake in Nuveen Municipal Value Fund by 9.1% during the third quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock worth $66,935,000 after purchasing an additional 618,364 shares during the period. Kovitz Investment Group Partners LLC purchased a new position in Nuveen Municipal Value Fund during the third quarter worth about $10,409,000. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Municipal Value Fund by 38.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock worth $8,091,000 after purchasing an additional 250,517 shares during the period. Chicago Partners Investment Group LLC raised its stake in Nuveen Municipal Value Fund by 4.1% during the third quarter. Chicago Partners Investment Group LLC now owns 745,472 shares of the closed-end fund’s stock worth $6,657,000 after purchasing an additional 29,351 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Nuveen Municipal Value Fund by 3.5% during the third quarter. Advisors Asset Management Inc. now owns 664,578 shares of the closed-end fund’s stock worth $5,994,000 after purchasing an additional 22,497 shares during the period. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Down 0.6 %

Shares of NUV opened at $8.59 on Friday. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15. The firm has a 50-day simple moving average of $8.77 and a two-hundred day simple moving average of $8.83.

Nuveen Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0325 per share. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Wednesday, January 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.