Nuveen New York Municipal Valu (NYSE:NNY) Stock Crosses Below 200 Day Moving Average - Should You Sell?

Nuveen New York Municipal Valu (NYSE:NNY - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.17 and traded as low as $8.07. Nuveen New York Municipal Valu shares last traded at $8.10, with a volume of 24,830 shares changing hands.

Nuveen New York Municipal Valu Price Performance

The stock has a 50 day simple moving average of $8.13 and a 200 day simple moving average of $8.17.

Nuveen New York Municipal Valu Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.0295 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.35 annualized dividend and a dividend yield of 4.40%.

Hedge Funds Weigh In On Nuveen New York Municipal Valu

Hedge funds have recently made changes to their positions in the business. Grove Bank & Trust bought a new stake in shares of Nuveen New York Municipal Valu during the first quarter valued at approximately $33,000. Opal Wealth Advisors LLC bought a new stake in shares of Nuveen New York Municipal Valu during the first quarter valued at approximately $36,000. XTX Topco Ltd bought a new stake in shares of Nuveen New York Municipal Valu during the first quarter valued at approximately $87,000. Nomura Holdings Inc. bought a new stake in shares of Nuveen New York Municipal Valu during the fourth quarter valued at approximately $196,000. Finally, Stifel Financial Corp boosted 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 valued at $311,000 after purchasing an additional 1,440 shares in the last quarter. 22.57% of the stock is owned by hedge funds and other institutional investors.

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.