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

Nuveen New York Municipal Valu (NYSE:NNY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.19 and traded as high as $8.70. Nuveen New York Municipal Valu shares last traded at $8.53, with a volume of 32,974 shares traded.

Nuveen New York Municipal Valu Price Performance

The company has a 50 day simple moving average of $8.34 and a 200-day simple moving average of $8.19.

Nuveen New York Municipal Valu Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $0.0295 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, November 14th.

Hedge Funds Weigh In On Nuveen New York Municipal Valu

Several institutional investors and hedge funds have recently made changes to their positions in NNY. XTX Topco Ltd bought a new stake in Nuveen New York Municipal Valu in the first quarter worth $87,000. Realta Investment Advisors grew its stake in shares of Nuveen New York Municipal Valu by 71.3% during the second quarter. Realta Investment Advisors now owns 17,338 shares of the investment management company’s stock valued at $141,000 after buying an additional 7,218 shares during the last quarter. Leigh Baldwin & CO. LLC grew its stake in shares of Nuveen New York Municipal Valu by 2.0% during the first quarter. Leigh Baldwin & CO. LLC now owns 107,592 shares of the investment management company’s stock valued at $889,000 after buying an additional 2,152 shares during the last quarter. Tortoise Investment Management LLC increased its holdings in shares of Nuveen New York Municipal Valu by 0.7% in the first quarter. Tortoise Investment Management LLC now owns 1,022,429 shares of the investment management company’s stock worth $8,445,000 after buying an additional 6,759 shares during the period. Finally, 1607 Capital Partners LLC lifted its stake in shares of Nuveen New York Municipal Valu by 3.5% in the 1st quarter. 1607 Capital Partners LLC now owns 730,465 shares of the investment management company’s stock valued at $6,034,000 after acquiring an additional 24,487 shares during the last quarter. Institutional investors own 22.50% of the company’s stock.

Nuveen New York Municipal Valu Company Profile

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.