Ballew Advisors Inc Sells 4,951 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Ballew Advisors Inc lowered its position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 12.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,251 shares of the closed-end fund’s stock after selling 4,951 shares during the period. Ballew Advisors Inc’s holdings in Nuveen Municipal Value Fund were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Baystate Wealth Management LLC purchased a new position in shares of Nuveen Municipal Value Fund during the second quarter valued at approximately $26,000. Citigroup Inc. increased its holdings in shares of Nuveen Municipal Value Fund by 98.7% during the first quarter. Citigroup Inc. now owns 2,981 shares of the closed-end fund’s stock valued at $29,000 after acquiring an additional 1,481 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Nuveen Municipal Value Fund in the 1st quarter worth about $33,000. Larson Financial Group LLC bought a new position in Nuveen Municipal Value Fund in the 3rd quarter worth about $35,000. Finally, Sound Income Strategies LLC bought a new stake in Nuveen Municipal Value Fund during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen Municipal Value Fund Trading Up 0.1 %

Shares of NYSE:NUV traded up $0.01 during trading on Thursday, reaching $8.71. 601,889 shares of the stock traded hands, compared to its average volume of 426,313. The stock has a 50-day moving average of $8.73 and a two-hundred day moving average of $8.49. Nuveen Municipal Value Fund, Inc. has a 52-week low of $7.86 and a 52-week high of $9.08.

Nuveen Municipal Value Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be given a dividend of $0.029 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.00%.

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.