Oarsman Capital Inc. Sells 2,250 Shares of Nuveen Municipal Value Fund, Inc. $NUV

Oarsman Capital Inc. decreased its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 17.4% during the second quarter, HoldingsChannel reports. The firm owned 10,692 shares of the closed-end fund’s stock after selling 2,250 shares during the quarter. Oarsman Capital Inc.’s holdings in Nuveen Municipal Value Fund were worth $93,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA raised its position in shares of 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 period. Summit X LLC bought a new position in shares of Nuveen Municipal Value Fund in the first quarter valued at approximately $393,000. True North Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the first quarter valued at approximately $4,480,000. 1607 Capital Partners LLC increased its position in Nuveen Municipal Value Fund by 2.4% during the first quarter. 1607 Capital Partners LLC now owns 2,718,221 shares of the closed-end fund’s stock worth $23,839,000 after acquiring an additional 63,018 shares during the period. Finally, LPL Financial LLC increased its position in Nuveen Municipal Value Fund by 10.1% during the first quarter. LPL Financial LLC now owns 1,154,702 shares of the closed-end fund’s stock worth $10,127,000 after acquiring an additional 106,291 shares during the period. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Down 0.6%

Shares of NUV stock opened at $8.98 on Thursday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.38 and a 1 year high of $9.10. The firm’s fifty day simple moving average is $8.90 and its 200 day simple moving average is $8.70.

Nuveen Municipal Value Fund Announces Dividend

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

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.