CENTRAL TRUST Co Reduces Stake in Nuveen Municipal Value Fund, Inc.

CENTRAL TRUST Co has decreased its investment in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 4.4% during the third quarter, according to a report from Holdings Channel.com. After selling 1,500 shares during this period, the institutional investor now holds 32,621 shares of the closed-end fund. The value of CENTRAL TRUST Co's holdings in the Nuveen Municipal Value Fund was estimated at $294,000 based on its latest SEC filing.

In addition to CENTRAL TRUST Co, several other investment firms have also adjusted their positions in Nuveen Municipal Value Fund recently. Hobbs Group Advisors LLC entered the fund with a new investment during the second quarter, valued at $25,000. Similarly, Ashton Thomas Private Wealth LLC and Family Firm Inc. acquired new positions, worth $36,000 and $38,000 respectively, in the same quarter. CWM LLC made a significant move, increasing its holdings in the fund by 204.5% in the third quarter. After this purchase, CWM LLC now owns 9,451 shares, valued at approximately $85,000, having acquired an additional 6,347 shares during this time. Furthermore, ORG Partners LLC has also established a new stake in the fund, which was valued at about $84,000 during the first quarter. Currently, institutional investors and hedge funds collectively own 22.50% of Nuveen Municipal Value Fund stock.

Recent Market Performance

On Friday, shares of Nuveen Municipal Value Fund opened at $8.92. The stock has seen fluctuations over the past year, with a low of $7.86 and a high of $9.15. An analysis of moving averages shows that the 50-day simple moving average is $8.98, while the 200-day simple moving average stands at $8.74.

Upcoming Dividend Announcement

Nuveen Municipal Value Fund recently announced a monthly dividend that is set to be paid on Friday, November 1st. Shareholders who were on record as of Tuesday, October 15th will receive a dividend of $0.031 per share. This translates to an annualized dividend of $0.37, representing a yield of 4.17%. The ex-dividend date for this payment was also on Tuesday, October 15th.

About Nuveen Municipal Value Fund

(Free Report) Nuveen Municipal Value Fund, Inc. is classified as a closed-ended fixed income mutual fund and is managed by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. Its investment strategy focuses on the fixed income markets within the United States, and it also incorporates some derivative instruments into its portfolio.

Investment, Shares, Dividend