Nuveen Municipal Value Fund, Inc. $NUV Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC lessened its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 74.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 112,749 shares of the closed-end fund’s stock after selling 324,206 shares during the quarter. Tortoise Investment Management LLC owned approximately 0.05% of Nuveen Municipal Value Fund worth $1,022,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Camelot Portfolios LLC acquired a new position in Nuveen Municipal Value Fund in the fourth quarter worth $45,000. EQ Wealth Advisors LLC acquired a new position in Nuveen Municipal Value Fund in the fourth quarter worth $47,000. International Assets Investment Management LLC acquired a new position in Nuveen Municipal Value Fund in the fourth quarter worth $50,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Nuveen Municipal Value Fund by 30.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,873 shares of the closed-end fund’s stock worth $60,000 after purchasing an additional 1,617 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Nuveen Municipal Value Fund in the third quarter worth $92,000. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Stock Down 0.6%

Nuveen Municipal Value Fund stock opened at $9.02 on Tuesday. The company has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $9.10. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.43 and a 12 month high of $9.26.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a $0.0325 dividend. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Municipal Value Fund Profile

The Nuveen Municipal Value Fund (NYSE:NUV) is a closed-end management investment company that seeks to provide its shareholders with current income exempt from regular federal income tax. The fund primarily invests in investment-grade municipal securities, including bonds and other debt obligations issued by state, municipal, and local governments across the United States. Through its diversified portfolio, NUV aims to deliver a stable stream of tax-advantaged income while preserving capital.

NUV’s investment strategy focuses on long-term municipal bonds, selecting securities based on credit quality, yield potential, and sector diversification.