Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Monday, April 15th will be paid a dividend of 0.028 per share by the investment management company on Wednesday, May 1st. This represents a $0.34 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend is Friday, April 12th.
Nuveen New York Municipal Value Fund Price Performance
Nuveen New York Municipal Value Fund stock traded down $0.05 during midday trading on Wednesday, hitting $8.24. 51,104 shares of the stock were exchanged, compared to its average volume of 46,445. Nuveen New York Municipal Value Fund has a fifty-two week low of $7.58 and a fifty-two week high of $8.84. The stock's 50-day simple moving average is $8.36 and its 200 day simple moving average is $8.17.
Hedge Funds Weigh In On Nuveen New York Municipal Value Fund
Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in shares of Nuveen New York Municipal Value Fund during the 1st quarter worth about $42,000. Virtu Financial LLC bought a new position in Nuveen New York Municipal Value Fund in the 2nd quarter worth about $85,000. Advisor Group Holdings Inc. lifted its stake in shares of Nuveen New York Municipal Value Fund by 13.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 12,823 shares of the investment management company's stock worth $105,000 after acquiring an additional 1,527 shares during the period. Susquehanna International Group LLP lifted its stake in shares of Nuveen New York Municipal Value Fund by 53.6% in the 4th quarter. Susquehanna International Group LLP now owns 18,385 shares of the investment management company's stock worth $152,000 after acquiring an additional 6,417 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in Nuveen New York Municipal Value Fund by 9.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 22,500 shares of the investment management company's stock valued at $186,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 22.57% of the company's stock.
Nuveen New York Municipal Value Fund Company Profile
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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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