Nuveen Municipal Value Fund, Inc. $NUV Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 7.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 142,681 shares of the closed-end fund’s stock after selling 11,736 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Nuveen Municipal Value Fund were worth $1,240,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Nuveen Municipal Value Fund by 274.5% during the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund’s stock worth $34,000 after acquiring an additional 2,836 shares during the last quarter. Dagco Inc. acquired a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at about $42,000. EQ Wealth Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at about $45,000. Flagship Wealth Advisors LLC boosted its holdings in Nuveen Municipal Value Fund by 80.0% in the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund’s stock valued at $49,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in Nuveen Municipal Value Fund by 109.4% in the first quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund’s stock valued at $50,000 after purchasing an additional 2,990 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

Shares of NUV opened at $9.06 on Monday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.38 and a one year high of $9.15. The stock has a 50-day moving average price of $8.80 and a 200 day moving average price of $8.67.

Nuveen Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.0325 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, 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.