Optimum Investment Advisors Trims Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Optimum Investment Advisors reduced its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 11.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 49,700 shares of the closed-end fund’s stock after selling 6,500 shares during the period. Optimum Investment Advisors’ holdings in Nuveen Municipal Value Fund were worth $448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WealthBridge Capital Management LLC boosted its stake in shares of Nuveen Municipal Value Fund by 2.8% during the 1st quarter. WealthBridge Capital Management LLC now owns 52,221 shares of the closed-end fund’s stock valued at $455,000 after buying an additional 1,444 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in shares of Nuveen Municipal Value Fund by 17.9% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 13,200 shares of the closed-end fund’s stock valued at $115,000 after buying an additional 2,000 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Nuveen Municipal Value Fund by 14.0% during the 1st quarter. International Assets Investment Management LLC now owns 16,496 shares of the closed-end fund’s stock valued at $143,000 after buying an additional 2,023 shares during the last quarter. Good Life Advisors LLC boosted its stake in shares of Nuveen Municipal Value Fund by 5.5% during the 3rd quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock valued at $368,000 after buying an additional 2,135 shares during the last quarter. Finally, Saxony Capital Management LLC boosted its stake in shares of Nuveen Municipal Value Fund by 21.3% during the 2nd quarter. Saxony Capital Management LLC now owns 14,250 shares of the closed-end fund’s stock valued at $123,000 after buying an additional 2,500 shares during the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Trading Down 0.3 %

Nuveen Municipal Value Fund stock opened at $9.09 on Friday. The stock has a 50 day moving average of $8.96 and a 200-day moving average of $8.72. Nuveen Municipal Value Fund, Inc. has a 52 week low of $7.86 and a 52 week high of $9.15.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a dividend of $0.031 per share. This represents a $0.37 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Tuesday, October 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.