Nuveen New York Municipal Value Fund (NYSE:NNY) Shares Pass Below 200-Day Moving Average of $8.18

Shares of Nuveen New York Municipal Value Fund (NYSE:NNY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.18 and traded as low as $8.12. Nuveen New York Municipal Value Fund shares last traded at $8.18, with a volume of 94,848 shares.

Nuveen New York Municipal Value Fund Stock Performance

The firm has a 50 day moving average of $8.31 and a 200-day moving average of $8.18.

Nuveen New York Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a $0.028 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.34 annualized dividend and a yield of 4.10%.

Institutional Investors Weigh In On Nuveen New York Municipal Value Fund

Several institutional investors and hedge funds have recently bought and sold shares of NNY. JPMorgan Chase & Co. bought a new stake in Nuveen New York Municipal Value Fund in the first quarter valued at about $42,000. Virtu Financial LLC bought a new position in shares of Nuveen New York Municipal Value Fund during the second quarter valued at $85,000. Tyche Wealth Partners LLC acquired a new stake in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at $94,000. Advisor Group Holdings Inc. increased its position in shares of Nuveen New York Municipal Value Fund by 13.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,823 shares of the investment management company’s stock worth $105,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Cim LLC acquired a new stake in shares of Nuveen New York Municipal Value Fund during the 4th quarter worth about $118,000. Institutional investors own 22.57% of the company’s stock.

About Nuveen New York Municipal Value Fund

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.