Prospera Financial Services Inc Has $5.24 Million Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Prospera Financial Services Inc reduced its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 0.6% in the 3rd quarter, Holdings Channel reports. The fund owned 581,288 shares of the closed-end fund’s stock after selling 3,722 shares during the quarter. Prospera Financial Services Inc’s holdings in Nuveen Municipal Value Fund were worth $5,243,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Nuveen Municipal Value Fund during the second quarter worth $36,000. Family Firm Inc. bought a new stake in shares of Nuveen Municipal Value Fund during the second quarter worth $38,000. CWM LLC raised its holdings in shares of Nuveen Municipal Value Fund by 204.5% during the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after acquiring an additional 6,347 shares during the period. Finally, Brookstone Capital Management bought a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at $88,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Up 0.3 %

NUV stock opened at $8.80 on Wednesday. The stock has a 50-day moving average price of $8.99 and a two-hundred day moving average price of $8.79. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.30 and a 1 year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.031 per share. The ex-dividend date is Friday, November 15th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 4.23%.

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.