Pathway Financial Advisers LLC Lowers Holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

Pathway Financial Advisers LLC cut its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its stake in Nuveen Municipal Value Fund by 38.8% in 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 acquiring an additional 250,517 shares during the last quarter. International Assets Investment Management LLC increased its stake in Nuveen Municipal Value Fund by 359.8% in the 3rd quarter. International Assets Investment Management LLC now owns 75,916 shares of the closed-end fund’s stock worth $685,000 after acquiring an additional 59,405 shares during the last quarter. Private Advisor Group LLC increased its stake in Nuveen Municipal Value Fund by 70.2% in the 3rd quarter. Private Advisor Group LLC now owns 19,999 shares of the closed-end fund’s stock worth $180,000 after acquiring an additional 8,247 shares during the last quarter. Bar Harbor Wealth Management increased its stake in Nuveen Municipal Value Fund by 6.4% in the 3rd quarter. Bar Harbor Wealth Management now owns 453,466 shares of the closed-end fund’s stock worth $4,090,000 after acquiring an additional 27,146 shares during the last quarter. Finally, Good Life Advisors LLC increased its stake in Nuveen Municipal Value Fund by 5.5% in the 3rd quarter. Good Life Advisors LLC now owns 40,775 shares of the closed-end fund’s stock worth $368,000 after acquiring an additional 2,135 shares during the last quarter. 22.50% of the stock is owned by hedge funds and other institutional investors.

Nuveen Municipal Value Fund Stock Up 0.5 %

NYSE:NUV opened at $8.92 on Friday. Nuveen Municipal Value Fund, Inc. has a 1 year low of $7.86 and a 1 year high of $9.15. The stock’s 50 day simple moving average is $8.98 and its two-hundred day simple moving average is $8.74.

Nuveen Municipal Value Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.031 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend is Tuesday, October 15th.

Nuveen Municipal Value Fund Company 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.