Stockman Asset Management buys $4,010,252 stake in Nuveen Municipal Value Fund Inc (NUV)

Nuveen Municipal Value Fund Inc (NUV) : Stockman Asset Management scooped up 8,000 additional shares in Nuveen Municipal Value Fund Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 372,700 shares of Nuveen Municipal Value Fund Inc which is valued at $4,010,252.Nuveen Municipal Value Fund Inc makes up approximately 3.04% of Stockman Asset Management’s portfolio.

Other Hedge Funds, Including , Nations Financial Group Inc Ia Adv sold out all of its stake in NUV during the most recent quarter. The investment firm sold 12,599 shares of NUV which is valued $135,565.Raymond James Associates reduced its stake in NUV by selling 15,311 shares or 4.22% in the most recent quarter. The Hedge Fund company now holds 347,882 shares of NUV which is valued at $3,743,210. Nuveen Municipal Value Fund Inc makes up approx 0.01% of Raymond James Associates’s portfolio. Wall Street Access Asset Management sold out all of its stake in NUV during the most recent quarter. The investment firm sold 530 shares of NUV which is valued $5,703.Concert Wealth Management reduced its stake in NUV by selling 365 shares or 2.58% in the most recent quarter. The Hedge Fund company now holds 13,791 shares of NUV which is valued at $147,288. Nuveen Municipal Value Fund Inc makes up approx 0.02% of Concert Wealth Management’s portfolio.

Nuveen Municipal Value Fund Inc opened for trading at $10.63 and hit $10.71 on the upside on Monday, eventually ending the session at $10.71, with a gain of 1.04% or 0.11 points. The heightened volatility saw the trading volume jump to 2,66,042 shares. Company has a market cap of $2,088 M.

Nuveen Municipal Value Fund Inc. is a closed-end fund. The Fund’s primary objective is current income exempt from federal income taxes and its secondary objective is the enhancement of portfolio value through selection of tax-exempt bonds and municipal market sectors. The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment or if they are unrated are judged by the manager to be of comparable quality. The Fund’s use of tender option bonds implement its investment strategy may create up to 10% effective leverage. Nuveen Asset Management LLC is the subadviser to the Fund.

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