Nuveen New York Municipal Valu (NYSE:NNY – Get Free Report) shares passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $7.91 and traded as high as $7.96. Nuveen New York Municipal Valu shares last traded at $7.93, with a volume of 147,915 shares changing hands.
Nuveen New York Municipal Valu Stock Up 1.0%
The firm’s fifty day moving average is $7.91 and its 200 day moving average is $8.38.
Nuveen New York Municipal Valu Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.0295 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.5%.
Institutional Trading of Nuveen New York Municipal Valu
Institutional investors and hedge funds have recently bought and sold shares of the business. CoreCap Advisors LLC purchased a new stake in shares of Nuveen New York Municipal Valu during the third quarter worth $26,000. Susquehanna International Group LLP increased its position in shares of Nuveen New York Municipal Valu by 14.1% during the second quarter. Susquehanna International Group LLP now owns 15,601 shares of the investment management company’s stock worth $136,000 after purchasing an additional 1,933 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nuveen New York Municipal Valu by 26.2% in the first quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 3,858 shares during the period. Kestra Advisory Services LLC purchased a new position in Nuveen New York Municipal Valu during the 1st quarter worth $157,000. Finally, Breakwater Capital Group grew its holdings in shares of Nuveen New York Municipal Valu by 6.6% during the third quarter. Breakwater Capital Group now owns 31,341 shares of the investment management company’s stock worth $244,000 after buying an additional 1,935 shares during the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.
Nuveen New York Municipal Valu Company Profile
Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, subject to applicable tax rules.
The fund invests primarily in municipal securities issued by New York State, its political subdivisions and public authorities, as well as other qualifying municipal issuers. Its portfolio may include bonds financing public infrastructure and essential services such as transportation, education, health care, utilities and housing.
NNY is managed by Nuveen, an investment manager specializing in municipal bonds and other income-oriented strategies.
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