Nuveen New York Municipal Value Fund (NYSE:NNY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.36 and traded as low as $8.29. Nuveen New York Municipal Value Fund shares last traded at $8.32, with a volume of 20,644 shares traded.
Nuveen New York Municipal Value Fund Trading Down 0.5 %
The company has a 50-day moving average of $8.15 and a 200 day moving average of $8.36.
Nuveen New York Municipal Value Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.28%.
Hedge Funds Weigh In On Nuveen New York Municipal Value Fund
Several hedge funds and other institutional investors have recently modified their holdings of NNY. Pacific Wealth Strategies Group Inc. bought a new position in shares of Nuveen New York Municipal Value Fund during the 4th quarter worth approximately $80,000. International Assets Investment Management LLC raised its position in 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 purchasing an additional 21,620 shares during the last quarter. Stifel Financial Corp raised its position in 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 purchasing an additional 1,440 shares during the last quarter. Raymond James Financial Inc. bought a new position in Nuveen New York Municipal Value Fund in the 4th quarter valued at $373,000. Finally, Wells Fargo & Company MN raised its position 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 valued at $521,000 after purchasing an additional 1,783 shares during the last quarter. 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-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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