Janney Montgomery Scott LLC Decreases Position in Nuveen Municipal Value Fund, Inc. $NUV

Janney Montgomery Scott LLC trimmed its position in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 7.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 142,681 shares of the closed-end fund’s stock after selling 11,736 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.07% of Nuveen Municipal Value Fund worth $1,240,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Nuveen Municipal Value Fund by 274.5% during the first quarter. Farther Finance Advisors LLC now owns 3,869 shares of the closed-end fund’s stock worth $34,000 after purchasing an additional 2,836 shares in the last quarter. Dagco Inc. purchased a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at $42,000. EQ Wealth Advisors LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the first quarter valued at $45,000. Flagship Wealth Advisors LLC lifted its position in shares of Nuveen Municipal Value Fund by 80.0% in the first quarter. Flagship Wealth Advisors LLC now owns 5,625 shares of the closed-end fund’s stock valued at $49,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Nuveen Municipal Value Fund by 109.4% in the first quarter. Private Trust Co. NA now owns 5,723 shares of the closed-end fund’s stock valued at $50,000 after acquiring an additional 2,990 shares in the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

Shares of NYSE:NUV opened at $9.06 on Monday. Nuveen Municipal Value Fund, Inc. has a 52-week low of $8.38 and a 52-week high of $9.15. The stock’s fifty day simple moving average is $8.80 and its 200-day simple moving average is $8.67.

Nuveen Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Wednesday, October 15th will be given a $0.0325 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, October 15th.

Nuveen Municipal Value Fund Company 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.