Nuveen New York Municipal Valu (NYSE:NNY) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Nuveen New York Municipal Valu (NYSE:NNY)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.56 and traded as high as $8.82. Nuveen New York Municipal Valu shares last traded at $8.65, with a volume of 19,227 shares trading hands.

Nuveen New York Municipal Valu Trading Down 0.1%

The business’s 50-day moving average is $8.56 and its two-hundred day moving average is $8.56.

Nuveen New York Municipal Valu Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.0295 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

A number of large investors have recently modified their holdings of the stock. Fiera Capital Corp acquired a new position in Nuveen New York Municipal Valu during the 4th quarter worth approximately $1,751,000. Hennion & Walsh Asset Management Inc. raised its stake in shares of Nuveen New York Municipal Valu by 62.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 412,635 shares of the investment management company’s stock valued at $3,534,000 after purchasing an additional 158,370 shares during the period. Raymond James Financial Inc. raised its stake in shares of Nuveen New York Municipal Valu by 71.2% during the third quarter. Raymond James Financial Inc. now owns 68,416 shares of the investment management company’s stock valued at $565,000 after purchasing an additional 28,449 shares during the period. Corient Private Wealth LLC acquired a new position in shares of Nuveen New York Municipal Valu during the fourth quarter worth $220,000. Finally, Leigh Baldwin & CO. LLC lifted its position in shares of Nuveen New York Municipal Valu by 27.0% during the fourth quarter. Leigh Baldwin & CO. LLC now owns 116,732 shares of the investment management company’s stock worth $1,000,000 after purchasing an additional 24,839 shares in the last quarter. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen New York Municipal Valu Company Profile

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State income taxes. The fund primarily invests in investment-grade municipal securities issued by public issuers in the State of New York, including general obligation bonds and revenue bonds issued to finance essential public projects such as schools, transportation infrastructure and utility systems.

As a diversified municipal bond fund, NNY’s portfolio spans a broad range of maturities and credit qualities within the investment-grade universe.