Koshinski Asset Management Inc. Sells 71,442 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Koshinski Asset Management Inc. reduced its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 34.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 134,070 shares of the closed-end fund’s stock after selling 71,442 shares during the period. Koshinski Asset Management Inc. owned approximately 0.06% of Nuveen Municipal Value Fund worth $1,168,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NUV. UBS Group AG lifted its stake in shares of Nuveen Municipal Value Fund by 27.5% in the 4th quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock valued at $48,221,000 after purchasing an additional 1,208,804 shares during the period. 1607 Capital Partners LLC boosted its holdings in Nuveen Municipal Value Fund by 7.0% during the fourth quarter. 1607 Capital Partners LLC now owns 3,405,045 shares of the closed-end fund’s stock worth $29,283,000 after buying an additional 223,392 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of Nuveen Municipal Value Fund by 39.1% during the 4th quarter. Tortoise Investment Management LLC now owns 1,762,966 shares of the closed-end fund’s stock worth $15,514,000 after buying an additional 495,778 shares during the period. Van ECK Associates Corp increased its stake in shares of Nuveen Municipal Value Fund by 15.2% in the 4th quarter. Van ECK Associates Corp now owns 1,469,667 shares of the closed-end fund’s stock valued at $12,639,000 after acquiring an additional 194,096 shares during the last quarter. Finally, Granby Capital Management LLC raised its position in shares of Nuveen Municipal Value Fund by 23.8% in the 4th quarter. Granby Capital Management LLC now owns 1,300,000 shares of the closed-end fund’s stock valued at $11,180,000 after acquiring an additional 250,000 shares during the period. 22.50% of the stock is owned by institutional investors.

Nuveen Municipal Value Fund Price Performance

Nuveen Municipal Value Fund stock remained flat at $8.73 during midday trading on Thursday. 96,948 shares of the company traded hands, compared to its average volume of 407,702. Nuveen Municipal Value Fund, Inc. has a twelve month low of $7.86 and a twelve month high of $8.93. The firm has a 50 day moving average price of $8.58 and a two-hundred day moving average price of $8.63.

Nuveen Municipal Value Fund Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a dividend of $0.029 per share. The ex-dividend date is Monday, July 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.99%.

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.