Nuveen Municipal Value Fund, Inc. (NYSE:NUV) Shares Sold by Westchester Capital Management LLC

Westchester Capital Management LLC trimmed its holdings in shares of Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 36.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 85,598 shares of the closed-end fund’s stock after selling 50,000 shares during the quarter. Westchester Capital Management LLC’s holdings in Nuveen Municipal Value Fund were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NUV. Williams Financial LLC purchased a new position in shares of Nuveen Municipal Value Fund during the second quarter worth $2,661,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Nuveen Municipal Value Fund by 38.8% in the third 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 during the last quarter. Tortoise Investment Management LLC grew its holdings in Nuveen Municipal Value Fund by 11.3% during the second quarter. Tortoise Investment Management LLC now owns 1,999,613 shares of the closed-end fund’s stock worth $17,257,000 after acquiring an additional 202,782 shares during the period. NINE MASTS CAPITAL Ltd purchased a new position in Nuveen Municipal Value Fund during the second quarter valued at approximately $1,573,000. Finally, Congress Park Capital LLC lifted its holdings in Nuveen Municipal Value Fund by 41.7% in the second quarter. Congress Park Capital LLC now owns 492,882 shares of the closed-end fund’s stock valued at $4,254,000 after acquiring an additional 145,000 shares during the period. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Performance

Nuveen Municipal Value Fund stock opened at $9.01 on Friday. The stock’s 50 day simple moving average is $8.96 and its two-hundred day simple moving average is $8.79. 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 Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.031 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.37 dividend on an annualized basis and a yield of 4.13%.

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.