Nuveen New York Municipal Valu (NYSE:NNY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.17 and traded as low as $8.06. Nuveen New York Municipal Valu shares last traded at $8.09, with a volume of 76,535 shares trading hands.
Nuveen New York Municipal Valu Stock Performance
The firm's 50-day simple moving average is $8.12 and its 200 day simple moving average is $8.17.
Nuveen New York Municipal Valu Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a $0.0295 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.35 annualized dividend and a dividend yield of 4.38%.
Hedge Funds Weigh In On Nuveen New York Municipal Valu
Institutional investors have recently made changes to their positions in the stock. Grove Bank & Trust bought a new stake in Nuveen New York Municipal Valu in the 1st quarter worth about $33,000. Opal Wealth Advisors LLC bought a new stake in Nuveen New York Municipal Valu in the 1st quarter worth about $36,000. XTX Topco Ltd bought a new stake in Nuveen New York Municipal Valu in the 1st quarter worth about $87,000. Realta Investment Advisors grew its position in Nuveen New York Municipal Valu by 71.3% in the 2nd quarter. Realta Investment Advisors now owns 17,338 shares of the investment management company's stock worth $141,000 after purchasing an additional 7,218 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Nuveen New York Municipal Valu during the 4th quarter valued at approximately $196,000. Institutional investors and hedge funds own 22.57% of the company's stock.
Nuveen New York Municipal Valu Company Profile
(
Get Free Report)
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.
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