Summit Financial Wealth Advisors LLC Has $1.02 Million Stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

by · The Cerbat Gem

Summit Financial Wealth Advisors LLC lowered its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV – Free Report) by 5.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,635 shares of the closed-end fund’s stock after selling 6,250 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Private Trust Co. NA boosted its stake in shares of Nuveen Municipal Value Fund by 35.7% in the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock valued at $51,000 after buying an additional 1,500 shares during the period. Sheaff Brock Investment Advisors LLC raised its holdings in Nuveen Municipal Value Fund by 12.1% in the 3rd quarter. Sheaff Brock Investment Advisors LLC now owns 14,800 shares of the closed-end fund’s stock valued at $133,000 after acquiring an additional 1,600 shares in the last quarter. Good Life Advisors LLC lifted its position in shares of 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 valued at $368,000 after acquiring an additional 2,135 shares during the period. Saxony Capital Management LLC grew its holdings in shares of 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. Finally, Hobbs Group Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the second quarter worth $25,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Up 0.5 %

NUV stock opened at $8.83 on Tuesday. Nuveen Municipal Value Fund, Inc. has a 52 week low of $8.35 and a 52 week high of $9.15. The business has a 50-day simple moving average of $8.97 and a 200 day simple moving average of $8.79.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.031 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, November 15th.

Nuveen Municipal Value Fund Company Profile

(Free Report)

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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