Prospera Financial Services Inc Sells 3,722 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Prospera Financial Services Inc cut its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 0.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 581,288 shares of the closed-end fund’s stock after selling 3,722 shares during the period. Prospera Financial Services Inc’s holdings in Nuveen Municipal Value Fund were worth $5,243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Tortoise Investment Management LLC lifted its holdings in Nuveen Municipal Value Fund by 11.3% in the second quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock valued at $17,257,000 after buying an additional 202,782 shares during the period. Van ECK Associates Corp lifted its stake in shares of Nuveen Municipal Value Fund by 7.5% in the 2nd quarter. Van ECK Associates Corp now owns 1,218,863 shares of the closed-end fund’s stock valued at $10,519,000 after purchasing an additional 85,446 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen Municipal Value Fund by 38.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock worth $8,091,000 after purchasing an additional 250,517 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Nuveen Municipal Value Fund by 4.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 745,472 shares of the closed-end fund’s stock worth $6,657,000 after purchasing an additional 29,351 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Nuveen Municipal Value Fund by 1.9% during the first quarter. Advisors Asset Management Inc. now owns 662,242 shares of the closed-end fund’s stock worth $5,768,000 after purchasing an additional 12,203 shares during the period. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

NYSE:NUV opened at $8.80 on Wednesday. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.30 and a 1-year high of $9.15. The business’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $8.79.

Nuveen Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.031 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 4.23%.

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.