Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Sold by Optimum Investment Advisors

Optimum Investment Advisors lessened its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 11.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,700 shares of the closed-end fund’s stock after selling 6,500 shares during the quarter. Optimum Investment Advisors’ holdings in Nuveen Municipal Value Fund were worth $448,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. WealthBridge Capital Management LLC increased its position in Nuveen Municipal Value Fund by 2.8% during the 1st quarter. WealthBridge Capital Management LLC now owns 52,221 shares of the closed-end fund’s stock worth $455,000 after purchasing an additional 1,444 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in Nuveen Municipal Value Fund by 17.9% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 13,200 shares of the closed-end fund’s stock worth $115,000 after purchasing an additional 2,000 shares in the last quarter. International Assets Investment Management LLC increased its position in Nuveen Municipal Value Fund by 14.0% during the 1st quarter. International Assets Investment Management LLC now owns 16,496 shares of the closed-end fund’s stock worth $143,000 after purchasing an additional 2,023 shares in the last quarter. Good Life Advisors LLC increased its position in Nuveen Municipal Value Fund by 5.5% during the 3rd quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock worth $368,000 after purchasing an additional 2,135 shares in the last quarter. Finally, Saxony Capital Management LLC increased its position in Nuveen Municipal Value Fund by 21.3% during the 2nd quarter. Saxony Capital Management LLC now owns 14,250 shares of the closed-end fund’s stock worth $123,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

NUV opened at $9.09 on Friday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $9.15. The firm has a 50 day moving average price of $8.96 and a 200 day moving average price of $8.72.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.031 dividend. This represents a $0.37 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Tuesday, 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.