Sheaff Brock Investment Advisors LLC Has $115,000 Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Sheaff Brock Investment Advisors LLC grew its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 17.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,200 shares of the closed-end fund’s stock after purchasing an additional 2,000 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in NUV. UBS Group AG boosted its holdings in Nuveen Municipal Value Fund by 27.5% in the fourth quarter. UBS Group AG now owns 5,607,096 shares of the closed-end fund’s stock worth $48,221,000 after acquiring an additional 1,208,804 shares in the last quarter. 1607 Capital Partners LLC boosted its holdings in Nuveen Municipal Value Fund by 7.0% in 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 acquiring an additional 223,392 shares in the last quarter. Tortoise Investment Management LLC boosted its holdings in Nuveen Municipal Value Fund by 39.1% in the fourth quarter. Tortoise Investment Management LLC now owns 1,762,966 shares of the closed-end fund’s stock worth $15,514,000 after acquiring an additional 495,778 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Nuveen Municipal Value Fund by 15.2% in the fourth quarter. Van ECK Associates Corp now owns 1,469,667 shares of the closed-end fund’s stock worth $12,639,000 after acquiring an additional 194,096 shares in the last quarter. Finally, Granby Capital Management LLC boosted its holdings in Nuveen Municipal Value Fund by 23.8% in the fourth quarter. Granby Capital Management LLC now owns 1,300,000 shares of the closed-end fund’s stock worth $11,180,000 after acquiring an additional 250,000 shares in the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Down 0.1 %

NYSE:NUV traded down $0.01 on Friday, hitting $8.73. The stock had a trading volume of 216,626 shares, compared to its average volume of 317,306. The business’s fifty day moving average is $8.58 and its 200 day moving average is $8.63. Nuveen Municipal Value Fund, Inc. has a 52 week low of $7.86 and a 52 week high of $8.93.

Nuveen Municipal Value Fund Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.029 dividend. The ex-dividend date of this dividend 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 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.