Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.
Nuveen New York Municipal Value Fund Price Performance
The business's fifty day moving average is $8.18 and its two-hundred day moving average is $8.22.
Nuveen New York Municipal Value Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $0.35 dividend on an annualized basis and a yield of 4.32%.
Institutional Investors Weigh In On Nuveen New York Municipal Value Fund
A number of hedge funds have recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC raised its stake in Nuveen New York Municipal Value Fund by 0.7% during the 1st quarter. Tortoise Investment Management LLC now owns 1,022,429 shares of the investment management company's stock valued at $8,445,000 after buying an additional 6,759 shares during the last quarter. Leigh Baldwin & CO. LLC raised its stake in Nuveen New York Municipal Value Fund by 2.0% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 107,592 shares of the investment management company's stock valued at $889,000 after buying an additional 2,152 shares during the last quarter. XTX Topco Ltd purchased a new stake in Nuveen New York Municipal Value Fund during the 1st quarter valued at $87,000. Grove Bank & Trust purchased a new stake in Nuveen New York Municipal Value Fund during the 1st quarter valued at $33,000. Finally, Opal Wealth Advisors LLC purchased a new stake in Nuveen New York Municipal Value Fund during the 1st quarter valued at $36,000. 22.57% of the stock is currently owned by hedge funds and other institutional investors.
Nuveen New York Municipal Value Fund Company Profile
(
Get Free Report)
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.
Further Reading
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