Shares of Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.23 and traded as high as $8.36. Nuveen New York Municipal Value Fund shares last traded at $8.33, with a volume of 7,141 shares trading hands.
Nuveen New York Municipal Value Fund Stock Performance
The stock has a 50 day simple moving average of $8.19 and a 200 day simple moving average of $8.22.
Nuveen New York Municipal Value Fund Dividend Announcement
The business 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 4.32%. The ex-dividend date of this dividend is Thursday, May 15th.
Hedge Funds Weigh In On Nuveen New York Municipal Value Fund
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Leigh Baldwin & CO. LLC acquired a new position in Nuveen New York Municipal Value Fund during the fourth quarter valued at approximately $848,000. Nomura Holdings Inc. bought a new position in shares of Nuveen New York Municipal Value Fund in the fourth quarter worth about $196,000. Stifel Financial Corp boosted its stake in shares of Nuveen New York Municipal Value Fund by 3.9% in the 4th quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company's stock valued at $311,000 after purchasing an additional 1,440 shares in the last quarter. Logan Stone Capital LLC bought a new stake in shares of Nuveen New York Municipal Value Fund during the 4th quarter valued at approximately $765,000. Finally, Raymond James Financial Inc. acquired a new position in Nuveen New York Municipal Value Fund during the 4th quarter worth approximately $373,000. 22.57% of the stock is currently owned by institutional investors and hedge funds.
Nuveen New York Municipal Value Fund Company Profile
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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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