Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.18 and traded as low as $8.12. Nuveen New York Municipal Value Fund shares last traded at $8.18, with a volume of 94,848 shares traded.
Nuveen New York Municipal Value Fund Trading Up 0.1 %
The firm has a fifty day moving average price of $8.31 and a 200-day moving average price of $8.18.
Nuveen New York Municipal Value Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be paid a $0.028 dividend. This represents a $0.34 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Friday, April 12th.
Institutional Trading of Nuveen New York Municipal Value Fund
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in Nuveen New York Municipal Value Fund in the first quarter valued at about $42,000. Virtu Financial LLC bought a new position in shares of Nuveen New York Municipal Value Fund during the second quarter worth about $85,000. Tyche Wealth Partners LLC bought a new stake in Nuveen New York Municipal Value Fund in the fourth quarter worth approximately $94,000. Advisor Group Holdings Inc. increased its holdings in Nuveen New York Municipal Value Fund by 13.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 12,823 shares of the investment management company's stock worth $105,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Cim LLC bought a new stake in Nuveen New York Municipal Value Fund in the fourth quarter worth approximately $118,000. 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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