Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.35 and traded as high as $8.38. Nuveen New York Municipal Value Fund shares last traded at $8.29, with a volume of 79,037 shares changing hands.
Nuveen New York Municipal Value Fund Price Performance
The company's 50-day moving average price is $8.18 and its 200-day moving average price is $8.35.
Nuveen New York Municipal Value Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.35 dividend on an annualized basis and a yield of 4.25%.
Hedge Funds Weigh In On Nuveen New York Municipal Value Fund
A number of institutional investors have recently bought and sold shares of NNY. Pacific Wealth Strategies Group Inc. purchased a new position in Nuveen New York Municipal Value Fund during the fourth quarter worth about $80,000. Nomura Holdings Inc. purchased a new stake in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at approximately $196,000. International Assets Investment Management LLC raised its stake in shares of Nuveen New York Municipal Value Fund by 761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,461 shares of the investment management company's stock valued at $211,000 after acquiring an additional 21,620 shares during the period. Stifel Financial Corp raised its stake in shares of 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 during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at approximately $373,000. 22.57% of the stock is owned by hedge funds and other institutional investors.
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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