Pathway Financial Advisers LLC Has $527,000 Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Pathway Financial Advisers LLC reduced its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,401 shares of the closed-end fund’s stock after selling 1,649 shares during the period. Pathway Financial Advisers LLC’s holdings in Nuveen Municipal Value Fund were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NUV. Janney Montgomery Scott LLC boosted its position in shares of Nuveen Municipal Value Fund by 26.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 154,417 shares of the closed-end fund’s stock valued at $1,345,000 after acquiring an additional 32,108 shares in the last quarter. Oxbow Advisors LLC acquired a new position in Nuveen Municipal Value Fund in the first quarter valued at about $129,000. ORG Partners LLC acquired a new position in Nuveen Municipal Value Fund in the first quarter valued at about $84,000. Concurrent Investment Advisors LLC boosted its position in Nuveen Municipal Value Fund by 180.0% in the first quarter. Concurrent Investment Advisors LLC now owns 40,743 shares of the closed-end fund’s stock valued at $355,000 after buying an additional 26,193 shares in the last quarter. Finally, Capital Square LLC acquired a new position in Nuveen Municipal Value Fund in the first quarter valued at about $311,000. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Stock Performance

NYSE:NUV opened at $8.91 on Thursday. Nuveen Municipal Value Fund, Inc. has a 12 month low of $7.96 and a 12 month high of $9.15. The company’s 50-day moving average price is $8.99 and its two-hundred day moving average price is $8.75.

Nuveen Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a $0.031 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.37 dividend on an annualized basis and a yield of 4.18%.

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.