Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Nuveen New York Municipal Value Fund Stock Performance
The stock has a 50 day moving average of $8.18 and a 200-day moving average of $8.21.
Nuveen New York Municipal Value Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be paid a dividend of $0.0295 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.35 annualized dividend and a yield of 4.32%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of NNY. Pacific Wealth Strategies Group Inc. purchased a new stake in shares of Nuveen New York Municipal Value Fund in the fourth quarter worth approximately $80,000. Wolverine Asset Management LLC boosted its stake in shares of Nuveen New York Municipal Value Fund by 68.3% during the fourth quarter. Wolverine Asset Management LLC now owns 167,757 shares of the investment management company's stock valued at $1,349,000 after purchasing an additional 68,101 shares during the period. Raymond James Financial Inc. bought a new position in shares of Nuveen New York Municipal Value Fund in the fourth quarter worth about $373,000. Tortoise Investment Management LLC increased its stake in Nuveen New York Municipal Value Fund by 13.2% in the 4th quarter. Tortoise Investment Management LLC now owns 1,015,670 shares of the investment management company's stock worth $8,169,000 after buying an additional 118,684 shares during the period. Finally, Wells Fargo & Company MN increased its stake in 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 worth $521,000 after buying an additional 1,783 shares during the period. 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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