Nuveen New York Municipal Valu (NYSE:NNY) Stock Holdings Trimmed by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management LLC has reduced its holdings in Nuveen New York Municipal Valu by 28.8%, now owning 0.63% of the company, amounting to approximately $986,000.
• The company has announced a monthly dividend of $0.0295 per share, representing a 4.4% yield, with the ex-dividend date set for August 15th.
• Nuveen New York Municipal Valu's recent share price performance indicates a 12-month low of $7.77 and a high of $8.87, with shares opening at $8.10.

Wolverine Asset Management LLC reduced its position in Nuveen New York Municipal Valu (NYSE:NNY - Free Report) by 28.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,374 shares of the investment management company's stock after selling 48,383 shares during the quarter. Wolverine Asset Management LLC owned about 0.63% of Nuveen New York Municipal Valu worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NNY. Grove Bank & Trust purchased a new position in Nuveen New York Municipal Valu in the first quarter valued at about $33,000. Opal Wealth Advisors LLC purchased a new stake in shares of Nuveen New York Municipal Valu during the first quarter worth about $36,000. XTX Topco Ltd purchased a new stake in shares of Nuveen New York Municipal Valu during the first quarter worth about $87,000. Nomura Holdings Inc. purchased a new stake in shares of Nuveen New York Municipal Valu during the fourth quarter worth about $196,000. Finally, Stifel Financial Corp increased its position in shares of Nuveen New York Municipal Valu by 3.9% during the fourth quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company's stock worth $311,000 after acquiring an additional 1,440 shares during the last quarter. Institutional investors and hedge funds own 22.57% of the company's stock.

Nuveen New York Municipal Valu Stock Up 0.2%

Shares of NYSE NNY traded up $0.02 during midday trading on Thursday, reaching $8.11. 108,379 shares of the company's stock were exchanged, compared to its average volume of 60,199. Nuveen New York Municipal Valu has a 52-week low of $7.77 and a 52-week high of $8.87. The business's fifty day moving average price is $8.08 and its two-hundred day moving average price is $8.17.

Nuveen New York Municipal Valu Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Friday, August 15th will be issued a $0.0295 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, August 15th.

Nuveen New York Municipal Valu Profile

Nuveen New York 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 New York. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.