Nuveen New York Municipal Valu (NYSE:NNY - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-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 traded.
Nuveen New York Municipal Valu Price Performance
The stock has a 50 day moving average price of $8.13 and a 200-day moving average price of $8.17.
Nuveen New York Municipal Valu Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.35 dividend on an annualized basis and a yield of 4.40%.
Hedge Funds Weigh In On Nuveen New York Municipal Valu
Institutional investors have recently added to or reduced their stakes in the stock. Leigh Baldwin & CO. LLC acquired a new stake in Nuveen New York Municipal Valu during the fourth quarter worth $848,000. Logan Stone Capital LLC purchased a new position in Nuveen New York Municipal Valu in the fourth quarter valued at $765,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Nuveen New York Municipal Valu in the fourth quarter valued at $591,000. Raymond James Financial Inc. purchased a new position in Nuveen New York Municipal Valu in the fourth quarter valued at $373,000. Finally, 1607 Capital Partners LLC boosted its holdings in Nuveen New York Municipal Valu by 6.4% in the fourth quarter. 1607 Capital Partners LLC now owns 705,978 shares of the investment management company's stock valued at $5,678,000 after purchasing an additional 42,351 shares during the period. Hedge funds and other institutional investors own 22.57% of the company's stock.
About Nuveen New York Municipal Valu
(
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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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