Shares of Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.24 and traded as low as $8.09. Nuveen New York Municipal Value Fund shares last traded at $8.15, with a volume of 51,489 shares traded.
Nuveen New York Municipal Value Fund Price Performance
The company's 50 day moving average is $8.19 and its 200 day moving average is $8.23.
Nuveen New York Municipal Value Fund Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a dividend 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 large investors have recently bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of Nuveen New York Municipal Value Fund by 3.9% during the fourth quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company's stock valued at $311,000 after acquiring an additional 1,440 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Nuveen New York Municipal Value Fund by 2.8% in the 4th quarter. Wells Fargo & Company MN now owns 64,720 shares of the investment management company's stock valued at $521,000 after acquiring an additional 1,783 shares in the last quarter. Grove Bank & Trust acquired a new stake in shares of Nuveen New York Municipal Value Fund in the 1st quarter valued at about $33,000. Opal Wealth Advisors LLC acquired a new stake in Nuveen New York Municipal Value Fund in the first quarter valued at approximately $36,000. Finally, Pacific Wealth Strategies Group Inc. bought a new stake in Nuveen New York Municipal Value Fund during the 4th quarter valued at $80,000. 22.57% of the stock is currently owned by institutional investors.
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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