Sheaff Brock Investment Advisors LLC Increases Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Sheaff Brock Investment Advisors LLC boosted its stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 12.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,800 shares of the closed-end fund’s stock after buying an additional 1,600 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $133,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NUV. Private Advisor Group LLC boosted its position in shares of Nuveen Municipal Value Fund by 70.2% during the 3rd quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock valued at $180,000 after acquiring an additional 8,247 shares during the last quarter. International Assets Investment Management LLC raised its stake in Nuveen Municipal Value Fund by 359.8% during the third quarter. International Assets Investment Management LLC now owns 75,916 shares of the closed-end fund’s stock worth $685,000 after purchasing an additional 59,405 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Nuveen Municipal Value Fund by 6.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 164,283 shares of the closed-end fund’s stock valued at $1,482,000 after purchasing an additional 10,633 shares during the last quarter. Sheets Smith Wealth Management increased its holdings in shares of Nuveen Municipal Value Fund by 361.8% during the 3rd quarter. Sheets Smith Wealth Management now owns 67,742 shares of the closed-end fund’s stock worth $611,000 after buying an additional 53,072 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Nuveen Municipal Value Fund by 83.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 29,878 shares of the closed-end fund’s stock worth $270,000 after buying an additional 13,608 shares during the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Down 0.4 %

NUV opened at $8.79 on Friday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.30 and a one year high of $9.15. The business’s 50 day moving average price is $9.00 and its 200 day moving average price is $8.78.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.031 dividend. This represents a $0.37 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, November 15th.

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.