B. Riley Wealth Advisors Inc. Buys 30,704 Shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

B. Riley Wealth Advisors Inc. boosted its stake in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 74.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,020 shares of the closed-end fund’s stock after buying an additional 30,704 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Nuveen Municipal Value Fund were worth $652,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NUV. Kovitz Investment Group Partners LLC purchased a new stake in shares of Nuveen Municipal Value Fund in the third quarter valued at about $10,409,000. Rivernorth Capital Management LLC increased its stake in Nuveen Municipal Value Fund by 9.1% in the 3rd quarter. Rivernorth Capital Management LLC now owns 7,420,686 shares of the closed-end fund’s stock valued at $66,935,000 after buying an additional 618,364 shares during the last quarter. Williams Financial LLC purchased a new stake in Nuveen Municipal Value Fund in the 2nd quarter valued at about $2,661,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Municipal Value Fund by 38.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 896,990 shares of the closed-end fund’s stock worth $8,091,000 after buying an additional 250,517 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in shares of Nuveen Municipal Value Fund by 11.3% in the 2nd quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock worth $17,257,000 after buying an additional 202,782 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors.

Nuveen Municipal Value Fund Stock Down 0.6 %

Shares of NUV opened at $8.63 on Thursday. The stock has a 50 day moving average of $8.91 and a 200 day moving average of $8.83. Nuveen Municipal Value Fund, Inc. has a 12 month low of $8.35 and a 12 month high of $9.15.

Nuveen Municipal Value Fund Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, December 13th.

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.