WealthBridge Capital Management LLC Reduces Stock Position in Nuveen Municipal Value Fund, Inc. (NYSE:NUV)

WealthBridge Capital Management LLC trimmed its holdings in Nuveen Municipal Value Fund, Inc. (NYSE:NUV) by 8.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,892 shares of the closed-end fund’s stock after selling 3,962 shares during the period. WealthBridge Capital Management LLC’s holdings in Nuveen Municipal Value Fund were worth $351,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its stake in Nuveen Municipal Value Fund by 35.7% in the 3rd quarter. Private Trust Co. NA now owns 5,698 shares of the closed-end fund’s stock worth $51,000 after buying an additional 1,500 shares during the last quarter. Barrett & Company Inc. boosted its stake in Nuveen Municipal Value Fund by 70.8% in the 4th quarter. Barrett & Company Inc. now owns 8,445 shares of the closed-end fund’s stock worth $73,000 after buying an additional 3,500 shares during the last quarter. CWM LLC boosted its stake in Nuveen Municipal Value Fund by 204.5% in the 3rd quarter. CWM LLC now owns 9,451 shares of the closed-end fund’s stock worth $85,000 after buying an additional 6,347 shares during the last quarter. Narwhal Capital Management acquired a new stake in Nuveen Municipal Value Fund in the 4th quarter worth about $86,000. Finally, Radnor Capital Management LLC acquired a new stake in Nuveen Municipal Value Fund in the 3rd quarter worth about $90,000. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen Municipal Value Fund Price Performance

Shares of NYSE:NUV opened at $8.89 on Thursday. The stock’s 50-day moving average price is $8.70 and its two-hundred day moving average price is $8.85. 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, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.0325 dividend. This represents a $0.39 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Friday, February 14th.

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.