Summit Financial Wealth Advisors buys $2,361,817 stake in Nuveen Municipal Value Fund Inc (NUV)

Nuveen Municipal Value Fund Inc (NUV) : Summit Financial Wealth Advisors scooped up 5,000 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 Jul 6, 2016. The investment management firm now holds a total of 218,081 shares of Nuveen Municipal Value Fund Inc which is valued at $2,361,817.Nuveen Municipal Value Fund Inc makes up approximately 0.98% of Summit Financial Wealth Advisors’s portfolio.

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Nuveen Municipal Value Fund Inc closed down -0.03 points or -0.28% at $10.8 with 3,11,097 shares getting traded on Monday. Post opening the session at $10.83, the shares hit an intraday low of $10.75 and an intraday high of $10.8401 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 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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