Stockman Asset Management Lowers stake in Nuveen Municipal Value Fund Inc (NUV)

Nuveen Municipal Value Fund Inc (NUV) : Stockman Asset Management reduced its stake in Nuveen Municipal Value Fund Inc by 0.49% during the most recent quarter end. The investment management company now holds a total of 364,700 shares of Nuveen Municipal Value Fund Inc which is valued at $3.9 Million after selling 1,800 shares in Nuveen Municipal Value Fund Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Nuveen Municipal Value Fund Inc makes up approximately 3.04% of Stockman Asset Management’s portfolio.

Other Hedge Funds, Including , Ifp Advisors Inc reduced its stake in NUV by selling 2,115 shares or 5.51% in the most recent quarter. The Hedge Fund company now holds 36,263 shares of NUV which is valued at $381,849. Nuveen Municipal Value Fund Inc makes up approx 0.02% of Ifp Advisors Inc’s portfolio.

Nuveen Municipal Value Fund Inc opened for trading at $10.36 and hit $10.3899 on the upside on Friday, eventually ending the session at $10.33, with a gain of 0.19% or 0.02 points. The heightened volatility saw the trading volume jump to 2,58,530 shares. Company has a market cap of $2,014 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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