MML Investors Services LLC trimmed its stake in Nuveen Municipal Value Fund Inc (NYSE:NUV) by 11.4% in the 4th quarter, HoldingsChannel reports. The firm owned 100,252 shares of the closed-end fund’s stock after selling 12,909 shares during the period. MML Investors Services LLC’s holdings in Nuveen Municipal Value Fund were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of NUV. First Trust Advisors LP increased its stake in shares of Nuveen Municipal Value Fund by 5.2% in the 3rd quarter. First Trust Advisors LP now owns 138,482 shares of the closed-end fund’s stock worth $1,418,000 after purchasing an additional 6,854 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Nuveen Municipal Value Fund by 6.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 281,484 shares of the closed-end fund’s stock worth $2,882,000 after purchasing an additional 16,283 shares in the last quarter. Mascoma Wealth Management LLC increased its stake in shares of Nuveen Municipal Value Fund by 50.0% in the 3rd quarter. Mascoma Wealth Management LLC now owns 67,393 shares of the closed-end fund’s stock worth $690,000 after purchasing an additional 22,467 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Nuveen Municipal Value Fund by 6.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 454,260 shares of the closed-end fund’s stock worth $4,652,000 after buying an additional 25,539 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Nuveen Municipal Value Fund by 90.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 134,234 shares of the closed-end fund’s stock worth $1,375,000 after buying an additional 63,696 shares in the last quarter. Hedge funds and other institutional investors own 10.56% of the company’s stock.

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Shares of Nuveen Municipal Value Fund Inc (NYSE NUV) opened at $9.44 on Wednesday. Nuveen Municipal Value Fund Inc has a 12 month low of $9.42 and a 12 month high of $10.46.

The firm also recently declared a monthly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.031 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.37 dividend on an annualized basis and a yield of 3.94%.

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Nuveen Municipal Value Fund Company Profile

Nuveen Municipal Value Fund, Inc (the Fund) is a diversified closed-end management investment company. The Fund’s primary objective is to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain territories of the United States.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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