Nuveen New York Municipal Valu (NYSE:NNY - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.53 and traded as low as $8.13. Nuveen New York Municipal Valu shares last traded at $8.1550, with a volume of 50,304 shares traded.
Nuveen New York Municipal Valu Stock Performance
The stock's 50-day simple moving average is $8.50 and its two-hundred day simple moving average is $8.53.
Nuveen New York Municipal Valu Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be issued a $0.0295 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, August 14th.
Institutional Investors Weigh In On Nuveen New York Municipal Valu
Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP grew its stake in shares of Nuveen New York Municipal Valu by 14.1% during the second quarter. Susquehanna International Group LLP now owns 15,601 shares of the investment management company's stock worth $136,000 after acquiring an additional 1,933 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. increased its stake in shares of Nuveen New York Municipal Valu by 5.0% in the fourth quarter. Marshall & Sterling Wealth Advisors Inc. now owns 61,730 shares of the investment management company's stock worth $529,000 after acquiring an additional 2,932 shares during the period. Elyxium Wealth LLC acquired a new stake in Nuveen New York Municipal Valu during the 4th quarter worth about $26,000. Leigh Baldwin & CO. LLC raised its position in Nuveen New York Municipal Valu by 2.6% during the first quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company's stock valued at $1,000,000 after acquiring an additional 3,086 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of Nuveen New York Municipal Valu by 26.2% during the 1st quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company's stock valued at $155,000 after purchasing an additional 3,858 shares in the last quarter. Institutional investors own 22.50% of the company's stock.
Nuveen New York Municipal Valu Company Profile
(
Get Free Report)
Nuveen New York Municipal Value Fund, Inc NYSE: NNY is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State income taxes. The fund primarily invests in investment-grade municipal securities issued by public issuers in the State of New York, including general obligation bonds and revenue bonds issued to finance essential public projects such as schools, transportation infrastructure and utility systems.
As a diversified municipal bond fund, NNY's portfolio spans a broad range of maturities and credit qualities within the investment-grade universe.
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