Nuveen New York Municipal Value Fund (NYSE:NNY – Free Report) stock price fell below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $8.27 and has traded as low as $8.23. Nuveen New York Municipal Value Fund shares last traded at $8.28 with volume of 12,339 shares changing hands.
Nuveen New York Municipal Value Fund trades 0.1% lower
The company’s 50-day moving average price is $8.20 and its 200-day moving average price is $8.27.
Dividend announcement for the Nuveen New York Municipal Value Fund
The company also recently announced a monthly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will receive a dividend of $0.028 per share. This represents an annualized dividend of $0.34 and a yield of 4.06%. The ex-dividend date is Friday, June 14th.
Institutional trading of the Nuveen New York Municipal Value Fund
Several institutional investors and hedge funds have recently changed their holdings in NNY. Tyche Wealth Partners LLC acquired a new position in shares of Nuveen New York Municipal Value Fund during the fourth quarter valued at approximately $94,000. Cim LLC acquired a new position in shares of Nuveen New York Municipal Value Fund during the fourth quarter valued at approximately $118,000. Herold Advisors Inc. increased its holdings in shares of Nuveen New York Municipal Value Fund by 10.2% during the fourth quarter. Herold Advisors Inc. now owns 28,512 shares of the investment company’s stock valued at $236,000 after purchasing an additional 2,628 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Nuveen New York Municipal Value Fund by 3.4% during the fourth quarter. Raymond James & Associates now owns 46,796 shares of the investment company’s stock valued at $387,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at $523,000. Hedge funds and other institutional investors own 22.57% of the company’s stock.
About Nuveen New York Municipal Value Fund
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Nuveen New York Municipal Value Fund, Inc. is a closed-end fixed income mutual fund established 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 rated Baa/BBB or higher.
Further information
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