Bfsg LLC Has $780,000 Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Bfsg LLC decreased its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,517 shares of the closed-end fund’s stock after selling 12,083 shares during the quarter. Bfsg LLC’s holdings in Nuveen Municipal Value Fund were worth $780,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of Nuveen Municipal Value Fund during the fourth quarter worth approximately $168,000. Nomura Holdings Inc. acquired a new position in shares of Nuveen Municipal Value Fund during the fourth quarter valued at about $275,000. Optimum Investment Advisors lifted its stake in shares of Nuveen Municipal Value Fund by 13.7% in the first quarter. Optimum Investment Advisors now owns 57,972 shares of the closed-end fund’s stock valued at $505,000 after buying an additional 7,000 shares during the period. International Assets Investment Management LLC increased its stake in Nuveen Municipal Value Fund by 14.0% during the first quarter. International Assets Investment Management LLC now owns 16,496 shares of the closed-end fund’s stock valued at $143,000 after acquiring an additional 2,023 shares during the period. Finally, Radnor Capital Management LLC acquired a new position in Nuveen Municipal Value Fund in the 1st quarter valued at approximately $87,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE: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 business’s 50 day moving average is $8.96 and its 200-day moving average is $8.72.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.031 per share. This represents a $0.37 dividend on an annualized basis 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.