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

Nuveen New York Municipal Valu (NYSE:NNY) declared a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.0295 per share by the investment management company on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen New York Municipal Valu Price Performance

Shares of NYSE NNY traded up $0.03 during trading on Tuesday, hitting $8.70. The company had a trading volume of 8,354 shares, compared to its average volume of 35,128. Nuveen New York Municipal Valu has a 52 week low of $7.77 and a 52 week high of $8.94. The business’s 50-day moving average is $8.51 and its 200 day moving average is $8.30.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNY. Citadel Advisors LLC acquired a new stake in shares of Nuveen New York Municipal Valu during the 3rd quarter valued at about $99,000. BCS Private Wealth Management Inc. acquired a new position in Nuveen New York Municipal Valu in the second quarter worth approximately $122,000. Realta Investment Advisors increased its holdings in Nuveen New York Municipal Valu by 71.3% in the second quarter. Realta Investment Advisors now owns 17,338 shares of the investment management company’s stock worth $141,000 after buying an additional 7,218 shares during the last quarter. Prospera Financial Services Inc lifted its stake in Nuveen New York Municipal Valu by 54.2% in the third quarter. Prospera Financial Services Inc now owns 18,500 shares of the investment management company’s stock valued at $153,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in Nuveen New York Municipal Valu by 69.2% in the third quarter. Bank of America Corp DE now owns 29,302 shares of the investment management company’s stock valued at $242,000 after acquiring an additional 11,981 shares during the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

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.