Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Sold by Creative Planning

Creative Planning cut its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 23.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,926 shares of the closed-end fund’s stock after selling 4,000 shares during the period. Creative Planning’s holdings in Nuveen Municipal Value Fund were worth $117,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC acquired a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter worth approximately $36,000. Family Firm Inc. bought a new stake in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at approximately $38,000. CWM LLC raised its position in shares of Nuveen Municipal Value Fund by 204.5% during the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after acquiring an additional 6,347 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in Nuveen Municipal Value Fund in the second quarter worth $88,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Down 0.7 %

NYSE NUV opened at $8.87 on Wednesday. Nuveen Municipal Value Fund, Inc. has a one year low of $8.27 and a one year high of $9.15. The company has a 50-day simple moving average of $9.01 and a 200-day simple moving average of $8.78.

Nuveen Municipal Value Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.031 dividend. This represents a $0.37 annualized dividend and a yield of 4.19%. The ex-dividend date is Friday, November 15th.

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.