Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.22 and traded as high as $8.23. Nuveen New York Municipal Value Fund shares last traded at $8.20, with a volume of 42,362 shares.
Nuveen New York Municipal Value Fund Stock Up 0.2%
The business has a 50-day moving average of $8.18 and a 200-day moving average of $8.22.
Nuveen New York Municipal Value Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a $0.0295 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend is Thursday, May 15th.
Institutional Trading of Nuveen New York Municipal Value Fund
Several hedge funds and other institutional investors have recently modified their holdings of NNY. Grove Bank & Trust acquired a new stake in Nuveen New York Municipal Value Fund in the 1st quarter worth about $33,000. Opal Wealth Advisors LLC acquired a new position in Nuveen New York Municipal Value Fund during the first quarter worth about $36,000. Pacific Wealth Strategies Group Inc. acquired a new position in Nuveen New York Municipal Value Fund during the 4th quarter worth approximately $80,000. XTX Topco Ltd acquired a new stake in shares of Nuveen New York Municipal Value Fund during the 1st quarter valued at $87,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Nuveen New York Municipal Value Fund during the fourth quarter worth about $196,000. Institutional investors own 22.57% of the company's stock.
About Nuveen New York Municipal Value Fund
(
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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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