Nuveen New York Municipal Valu (NYSE:NNY) Declares $0.03 Monthly Dividend

Key Points

• Nuveen New York Municipal Valu has declared a monthly dividend of $0.03, which will be distributed on September 2nd to investors of record as of August 15th, representing a dividend yield of 4.4%.
• The company's stock performance shows a trading price of $8.09, with a 1-year low of $7.77 and a high of $8.87.
• Institutional ownership stands at 22.57%, with notable recent investments from several hedge funds, including Grove Bank & Trust and Realta Investment Advisors.

Nuveen New York Municipal Valu (NYSE:NNY - Get Free Report) announced a monthly dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.0295 per share by the investment management company on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, August 15th.

Nuveen New York Municipal Valu Stock Performance

NYSE NNY traded up $0.02 on Wednesday, reaching $8.12. The stock had a trading volume of 165,251 shares, compared to its average volume of 44,713. Nuveen New York Municipal Valu has a 1-year low of $7.77 and a 1-year high of $8.87. The firm has a fifty day moving average of $8.08 and a two-hundred day moving average of $8.17.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NNY. Grove Bank & Trust bought a new position in Nuveen New York Municipal Valu in the 1st quarter valued at about $33,000. Opal Wealth Advisors LLC bought a new position in Nuveen New York Municipal Valu in the 1st quarter valued at approximately $36,000. XTX Topco Ltd bought a new position in Nuveen New York Municipal Valu during the 1st quarter worth $87,000. Realta Investment Advisors boosted its holdings in Nuveen New York Municipal Valu by 71.3% in the second quarter. Realta Investment Advisors now owns 17,338 shares of the investment management company's stock valued at $141,000 after acquiring an additional 7,218 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new stake in Nuveen New York Municipal Valu during the fourth quarter valued at $196,000. 22.57% of the stock is owned by 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.