13,820 Shares in Nuveen Municipal Value Fund Inc (NYSE:NUV) Bought by Patten Group Inc.

Patten Group Inc. purchased a new position in shares of Nuveen Municipal Value Fund Inc (NYSE:NUV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,820 shares of the closed-end fund’s stock, valued at approximately $148,000.

Other large investors have also modified their holdings of the company. Stifel Financial Corp boosted its stake in Nuveen Municipal Value Fund by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 897,444 shares of the closed-end fund’s stock worth $9,432,000 after purchasing an additional 9,293 shares during the period. Regal Investment Advisors LLC acquired a new stake in Nuveen Municipal Value Fund during the 3rd quarter worth $136,000. Koshinski Asset Management Inc. boosted its stake in Nuveen Municipal Value Fund by 7.4% during the 3rd quarter. Koshinski Asset Management Inc. now owns 213,360 shares of the closed-end fund’s stock worth $2,242,000 after purchasing an additional 14,750 shares during the period. Hudson Valley Investment Advisors Inc. ADV boosted its stake in Nuveen Municipal Value Fund by 4.9% during the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 93,018 shares of the closed-end fund’s stock worth $978,000 after purchasing an additional 4,359 shares during the period. Finally, Cetera Advisor Networks LLC boosted its stake in Nuveen Municipal Value Fund by 13.9% during the 3rd quarter. Cetera Advisor Networks LLC now owns 24,766 shares of the closed-end fund’s stock worth $262,000 after purchasing an additional 3,026 shares during the period. Hedge funds and other institutional investors own 13.04% of the company’s stock.

Separately, SunTrust Banks began coverage on shares of Nuveen Municipal Value Fund in a research note on Wednesday, January 8th. They issued a “buy” rating and a $93.00 target price for the company.

NUV stock opened at $10.85 on Wednesday. Nuveen Municipal Value Fund Inc has a one year low of $9.51 and a one year high of $10.87. The company has a fifty day moving average of $10.64 and a 200-day moving average of $10.45.

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.031 dividend. This represents a $0.37 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, January 14th.

About Nuveen Municipal Value Fund

Nuveen Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund also invests some portion of its portfolio in derivative instruments.

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Institutional Ownership by Quarter for Nuveen Municipal Value Fund (NYSE:NUV)

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