Family Management Corp Sells 4,840 Shares of Nuveen Municipal Value Fund Inc (NYSE:NUV)

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Family Management Corp lessened its stake in shares of Nuveen Municipal Value Fund Inc (NYSE:NUV) by 12.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,427 shares of the closed-end fund’s stock after selling 4,840 shares during the period. Family Management Corp’s holdings in Nuveen Municipal Value Fund were worth $361,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. United Capital Financial Advisers LLC boosted its stake in shares of Nuveen Municipal Value Fund by 93.7% during the 2nd quarter. United Capital Financial Advisers LLC now owns 620,812 shares of the closed-end fund’s stock worth $6,320,000 after acquiring an additional 300,264 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter worth about $903,000. Stockman Wealth Management Inc. lifted its holdings in Nuveen Municipal Value Fund by 31.9% in the 2nd quarter. Stockman Wealth Management Inc. now owns 216,550 shares of the closed-end fund’s stock valued at $2,204,000 after purchasing an additional 52,325 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in Nuveen Municipal Value Fund by 34.2% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 199,508 shares of the closed-end fund’s stock valued at $2,037,000 after purchasing an additional 50,898 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Nuveen Municipal Value Fund by 7.6% in the 1st quarter. Raymond James & Associates now owns 538,829 shares of the closed-end fund’s stock valued at $5,388,000 after purchasing an additional 38,149 shares in the last quarter. Hedge funds and other institutional investors own 13.20% of the company’s stock.

Shares of NYSE NUV traded up $0.02 on Friday, reaching $10.36. 9,011 shares of the company traded hands, compared to its average volume of 276,766. The company has a 50 day moving average of $10.44 and a 200 day moving average of $10.10. Nuveen Municipal Value Fund Inc has a fifty-two week low of $9.11 and a fifty-two week high of $10.64.

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a $0.031 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date is Thursday, September 12th.

About Nuveen Municipal Value Fund

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.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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