Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report)'s stock price crossed 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.
Nuveen New York Municipal Value Fund Trading Up 0.2%
The business 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 firm also recently disclosed a monthly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be given a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, May 15th.
Institutional Trading of Nuveen New York Municipal Value Fund
A number of hedge funds and other institutional investors have recently modified their holdings of NNY. Leigh Baldwin & CO. LLC acquired a new position in Nuveen New York Municipal Value Fund in the 4th quarter valued at about $848,000. Nomura Holdings Inc. acquired a new position in Nuveen New York Municipal Value Fund in the 4th quarter valued at about $196,000. Stifel Financial Corp grew its position in 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 acquiring an additional 1,440 shares in the last quarter. Logan Stone Capital LLC acquired a new position in Nuveen New York Municipal Value Fund in the 4th quarter valued at about $765,000. Finally, Raymond James Financial Inc. acquired a new position in Nuveen New York Municipal Value Fund in the 4th quarter valued at about $373,000. 22.57% of the stock is owned by institutional investors and hedge funds.
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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