Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.21 and traded as high as $8.87. Nuveen New York Municipal Value Fund shares last traded at $8.25, with a volume of 18,567 shares changing hands.
Nuveen New York Municipal Value Fund Trading Down 0.9%
The company has a fifty day moving average of $8.18 and a two-hundred day moving average of $8.21.
Nuveen New York Municipal Value Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Stockholders 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 dividend yield of 4.36%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Leigh Baldwin & CO. LLC bought a new position in shares of Nuveen New York Municipal Value Fund during the fourth quarter valued at approximately $848,000. Nomura Holdings Inc. bought a new position in Nuveen New York Municipal Value Fund in the fourth quarter worth approximately $196,000. Stifel Financial Corp grew its stake in Nuveen New York Municipal Value Fund by 3.9% in the fourth quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company's stock worth $311,000 after purchasing an additional 1,440 shares in the last quarter. Logan Stone Capital LLC bought a new position in Nuveen New York Municipal Value Fund in the fourth quarter worth approximately $765,000. Finally, Raymond James Financial Inc. bought a new position in Nuveen New York Municipal Value Fund in the fourth quarter worth approximately $373,000. 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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