34,090 Shares in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Purchased by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 34,090 shares of the closed-end fund’s stock, valued at approximately $307,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in shares of Nuveen Municipal Value Fund by 6.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 164,283 shares of the closed-end fund’s stock valued at $1,482,000 after purchasing an additional 10,633 shares during the period. Private Advisor Group LLC lifted its position in Nuveen Municipal Value Fund by 70.2% during the third quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock valued at $180,000 after buying an additional 8,247 shares during the period. Oppenheimer & Co. Inc. bought a new stake in shares of Nuveen Municipal Value Fund during the 3rd quarter valued at $90,000. International Assets Investment Management LLC grew its position in shares of Nuveen Municipal Value Fund by 359.8% in the 3rd quarter. International Assets Investment Management LLC now owns 75,916 shares of the closed-end fund’s stock worth $685,000 after buying an additional 59,405 shares during the period. Finally, Sheets Smith Wealth Management increased its stake in shares of Nuveen Municipal Value Fund by 361.8% in the 3rd quarter. Sheets Smith Wealth Management now owns 67,742 shares of the closed-end fund’s stock worth $611,000 after acquiring an additional 53,072 shares in the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE NUV opened at $8.72 on Tuesday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.35 and a 1 year high of $9.15. The firm has a 50-day moving average of $8.93 and a 200 day moving average of $8.83.

Nuveen Municipal Value Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a $0.0325 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.39 dividend on an annualized basis and a dividend yield of 4.48%.

Nuveen Municipal Value Fund 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.