Nuveen Municipal Value Fund Inc (NUV) : Feltz Wealth Plan reduced its stake in Nuveen Municipal Value Fund Inc by 42.64% during the most recent quarter end. The investment management company now holds a total of 278,048 shares of Nuveen Municipal Value Fund Inc which is valued at $2,980,675 after selling 206,722 shares in Nuveen Municipal Value Fund Inc , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Nuveen Municipal Value Fund Inc makes up approximately 0.16% of Feltz Wealth Plan’s portfolio.
Other Hedge Funds, Including , Finemark National Bank Trust added NUV to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $32,160. Wade G W Inc sold out all of its stake in NUV during the most recent quarter. The investment firm sold 10,216 shares of NUV which is valued $109,720.Cambridge Investment Research Advisors reduced its stake in NUV by selling 26,650 shares or 8.5% in the most recent quarter. The Hedge Fund company now holds 286,760 shares of NUV which is valued at $3,079,802. Nuveen Municipal Value Fund Inc makes up approx 0.06% of Cambridge Investment Research Advisors’s portfolio.
Nuveen Municipal Value Fund Inc closed down -0.05 points or -0.46% at $10.71 with 1,98,436 shares getting traded on Monday. Post opening the session at $10.73, the shares hit an intraday low of $10.69 and an intraday high of $10.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 Funds 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.