Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.32 and traded as high as $8.32. Nuveen New York Municipal Value Fund shares last traded at $8.25, with a volume of 18,766 shares traded.
Nuveen New York Municipal Value Fund Stock Up 0.4 %
The stock's 50 day moving average price is $8.25 and its 200 day moving average price is $8.31.
Nuveen New York Municipal Value Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0295 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, March 14th.
Hedge Funds Weigh In On Nuveen New York Municipal Value Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new stake in shares of Nuveen New York Municipal Value Fund during the fourth quarter valued at approximately $196,000. Stifel Financial Corp grew its holdings in Nuveen New York Municipal Value Fund by 3.9% during the 4th quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company's stock valued at $311,000 after purchasing an additional 1,440 shares in the last quarter. Logan Stone Capital LLC purchased a new stake in Nuveen New York Municipal Value Fund during the 4th quarter worth $765,000. Raymond James Financial Inc. purchased a new stake in Nuveen New York Municipal Value Fund during the 4th quarter worth $373,000. Finally, Wells Fargo & Company MN lifted its holdings in Nuveen New York Municipal Value Fund by 2.8% in the 4th quarter. Wells Fargo & Company MN now owns 64,720 shares of the investment management company's stock worth $521,000 after buying an additional 1,783 shares in the last quarter. 22.57% of the stock is owned by institutional investors and hedge funds.
Nuveen New York Municipal Value Fund Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Nuveen New York Municipal Value Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen New York Municipal Value Fund wasn't on the list.
While Nuveen New York Municipal Value Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
