Westchester Capital Management LLC Cuts Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Westchester Capital Management LLC cut its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 36.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 85,598 shares of the closed-end fund’s stock after selling 50,000 shares during the period. Westchester Capital Management LLC’s holdings in Nuveen Municipal Value Fund were worth $772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NUV. Hobbs Group Advisors LLC purchased a new position in Nuveen Municipal Value Fund in the second quarter valued at about $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in Nuveen Municipal Value Fund during the second quarter valued at approximately $36,000. Family Firm Inc. acquired a new stake in Nuveen Municipal Value Fund in the second quarter valued at approximately $38,000. Private Trust Co. NA grew its holdings in 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 worth $51,000 after purchasing an additional 1,500 shares during the last quarter. Finally, CWM LLC increased its position in shares of Nuveen Municipal Value Fund by 204.5% during the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after purchasing an additional 6,347 shares in the last quarter. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

Nuveen Municipal Value Fund stock opened at $9.01 on Friday. The business has a fifty day moving average price of $8.96 and a 200-day moving average price of $8.79. Nuveen Municipal Value Fund, Inc. has a 1-year low of $8.35 and a 1-year high of $9.15.

Nuveen Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.031 per share. 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 4.13%.

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.