Summit Financial Wealth Advisors LLC Has $1.02 Million Stock Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Summit Financial Wealth Advisors LLC lowered its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 5.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 112,635 shares of the closed-end fund’s stock after selling 6,250 shares during the period. Summit Financial Wealth Advisors LLC’s holdings in Nuveen Municipal Value Fund were worth $1,016,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Hobbs Group Advisors LLC bought a new position in shares of Nuveen Municipal Value Fund in the 2nd quarter valued at $25,000. Ashton Thomas Private Wealth LLC bought a new position in Nuveen Municipal Value Fund in the second quarter valued at about $36,000. Family Firm Inc. acquired a new stake in shares of Nuveen Municipal Value Fund during the second quarter valued at about $38,000. Private Trust Co. NA grew its holdings in shares of Nuveen Municipal Value Fund by 35.7% during the third quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock worth $51,000 after purchasing an additional 1,500 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Nuveen Municipal Value Fund by 204.5% in the third quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock valued at $85,000 after buying an additional 6,347 shares during the period. Institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Up 0.5 %

Shares of NYSE NUV opened at $8.83 on Tuesday. The company has a 50 day simple moving average of $8.97 and a 200 day simple moving average of $8.79. Nuveen Municipal Value Fund, Inc. has a 1 year low of $8.35 and a 1 year high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.031 per share. This represents a $0.37 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Friday, November 15th.

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.