Nuveen Municipal Value Fund Inc (NUV) : Summit Financial Wealth Advisors reduced its stake in Nuveen Municipal Value Fund Inc by 3.6% during the most recent quarter end. The investment management company now holds a total of 210,231 shares of Nuveen Municipal Value Fund Inc which is valued at $2,188,505 after selling 7,850 shares in Nuveen Municipal Value Fund Inc , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Nuveen Municipal Value Fund Inc makes up approximately 0.96% of Summit Financial Wealth Advisors’s portfolio.
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Nuveen Municipal Value Fund Inc closed down -0.13 points or -1.23% at $10.48 with 3,06,511 shares getting traded on Tuesday. Post opening the session at $10.59, the shares hit an intraday low of $10.43 and an intraday high of $10.6 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.