Hennion & Walsh Asset Management Inc. Acquires 158,370 Shares of Nuveen New York Municipal Valu $NNY

Key Points

• Hennion & Walsh raised its stake in Nuveen New York Municipal Value by 62.3%, buying 158,370 shares to total 412,635 shares (2.18% ownership) valued at $3.534 million at quarter end.
• Other institutions (including Guggenheim, Raymond James, Bank of America and Citadel) also increased or initiated positions, and hedge funds/institutions now own about 22.50% of NNY.
• The fund declared a monthly dividend of $0.0295 per share, payable April 1 with an ex‑dividend/record date of March 13, which equates to an annualized yield of about 4.3%.

Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen New York Municipal Valu (NYSE:NNY - Free Report) by 62.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 412,635 shares of the investment management company's stock after buying an additional 158,370 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 2.18% of Nuveen New York Municipal Valu worth $3,534,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Guggenheim Capital LLC lifted its stake in shares of Nuveen New York Municipal Valu by 9.6% in the 2nd quarter. Guggenheim Capital LLC now owns 367,343 shares of the investment management company's stock valued at $2,979,000 after acquiring an additional 32,272 shares during the last quarter. Raymond James Financial Inc. grew its position in Nuveen New York Municipal Valu by 71.2% during the 3rd quarter. Raymond James Financial Inc. now owns 68,416 shares of the investment management company's stock worth $565,000 after acquiring an additional 28,449 shares during the last quarter. BCS Private Wealth Management Inc. purchased a new position in Nuveen New York Municipal Valu in the 2nd quarter worth approximately $122,000. Bank of America Corp DE increased its stake in Nuveen New York Municipal Valu by 69.2% in the 3rd quarter. Bank of America Corp DE now owns 29,302 shares of the investment management company's stock worth $242,000 after purchasing an additional 11,981 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Nuveen New York Municipal Valu in the third quarter valued at approximately $99,000. Hedge funds and other institutional investors own 22.50% of the company's stock.

Nuveen New York Municipal Valu Price Performance

NYSE:NNY opened at $8.20 on Tuesday. Nuveen New York Municipal Valu has a fifty-two week low of $7.77 and a fifty-two week high of $8.94. The business has a 50 day moving average price of $8.54 and a 200-day moving average price of $8.48.

Nuveen New York Municipal Valu Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) annualized dividend and a yield of 4.3%.

Nuveen New York Municipal Valu Company Profile

Nuveen New York Municipal Value Fund, Inc NYSE: NNY is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State income taxes. The fund primarily invests in investment-grade municipal securities issued by public issuers in the State of New York, including general obligation bonds and revenue bonds issued to finance essential public projects such as schools, transportation infrastructure and utility systems.

As a diversified municipal bond fund, NNY's portfolio spans a broad range of maturities and credit qualities within the investment-grade universe.

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