Nuveen New York Municipal Valu (NYSE:NNY) Announces $0.03 Monthly Dividend

Nuveen New York Municipal Valu (NYSE:NNY) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0295 per share by the investment management company on Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, July 15th.

Nuveen New York Municipal Valu Stock Performance

NNY opened at $8.76 on Thursday. The stock’s fifty day moving average is $8.57 and its two-hundred day moving average is $8.56. Nuveen New York Municipal Valu has a 52 week low of $7.93 and a 52 week high of $8.94.

Institutional Trading of Nuveen New York Municipal Valu

Institutional investors and hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen New York Municipal Valu by 62.3% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 412,635 shares of the investment management company’s stock worth $3,534,000 after acquiring an additional 158,370 shares during the period. Fiera Capital Corp purchased a new position in Nuveen New York Municipal Valu during the 4th quarter valued at about $1,751,000. Breakwater Capital Group increased its position in Nuveen New York Municipal Valu by 6.4% during the 4th quarter. Breakwater Capital Group now owns 33,282 shares of the investment management company’s stock valued at $285,000 after purchasing an additional 2,008 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Nuveen New York Municipal Valu in the 4th quarter valued at about $220,000. Finally, Bank of Montreal Can purchased a new stake in shares of Nuveen New York Municipal Valu in the 4th quarter worth approximately $133,000. 22.50% of the stock is currently owned by institutional investors.

About Nuveen New York Municipal Valu

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.