Nuveen New York Municipal Valu (NYSE:NNY - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.49 and traded as low as $8.45. Nuveen New York Municipal Valu shares last traded at $8.47, with a volume of 34,409 shares changing hands.
Nuveen New York Municipal Valu Trading Down 0.7%
The firm has a 50-day moving average of $8.54 and a 200 day moving average of $8.49.
Nuveen New York Municipal Valu Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be given a $0.0295 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, April 15th.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Flagship Harbor Advisors LLC purchased a new position in Nuveen New York Municipal Valu in the fourth quarter worth about $25,000. Elyxium Wealth LLC purchased a new position in Nuveen New York Municipal Valu in the fourth quarter worth about $26,000. International Assets Investment Management LLC purchased a new position in Nuveen New York Municipal Valu in the fourth quarter worth about $56,000. Citadel Advisors LLC purchased a new position in Nuveen New York Municipal Valu in the third quarter worth about $99,000. Finally, Virtu Financial LLC purchased a new position in Nuveen New York Municipal Valu in the fourth quarter worth about $113,000. 22.50% of the stock is owned by hedge funds and other institutional investors.
About Nuveen New York Municipal Valu
(
Get Free Report)
Nuveen New York Municipal Value Fund, Inc NYSE: NNY is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State income taxes. The fund primarily invests in investment-grade municipal securities issued by public issuers in the State of New York, including general obligation bonds and revenue bonds issued to finance essential public projects such as schools, transportation infrastructure and utility systems.
As a diversified municipal bond fund, NNY's portfolio spans a broad range of maturities and credit qualities within the investment-grade universe.
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