Wolverine Asset Management LLC Lowers Stake in Nuveen New York Municipal Valu (NYSE:NNY)

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

A number of other hedge funds also recently added to or reduced their stakes in the business. Grove Bank & Trust acquired a new position in shares of Nuveen New York Municipal Valu during the first quarter worth $33,000. Opal Wealth Advisors LLC acquired a new position in shares of Nuveen New York Municipal Valu during the first quarter worth $36,000. XTX Topco Ltd acquired a new position in shares of Nuveen New York Municipal Valu during the first quarter worth $87,000. Nomura Holdings Inc. acquired a new position in shares of Nuveen New York Municipal Valu during the fourth quarter worth $196,000. Finally, Stifel Financial Corp grew its stake 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 purchasing an additional 1,440 shares in the last quarter. 22.57% of the stock is currently owned by institutional investors and hedge funds.

Nuveen New York Municipal Valu Trading Up 0.2%

Shares of NYSE NNY traded up $0.02 during mid-day trading on Tuesday, reaching $8.12. The company had a trading volume of 463 shares, compared to its average volume of 44,534. The firm has a 50 day simple moving average of $8.08 and a two-hundred day simple moving average of $8.17. Nuveen New York Municipal Valu has a 52-week low of $7.77 and a 52-week high of $8.87.

Nuveen New York Municipal Valu Dividend Announcement

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

About Nuveen New York Municipal Valu

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.