Nuveen New York Municipal Valu (NYSE:NNY – Get Free Report) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be paid a dividend of 0.0295 per share by the investment management company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, August 14th.
Nuveen New York Municipal Valu Stock Performance
NNY opened at $8.23 on Tuesday. The stock has a fifty day moving average of $8.60 and a 200-day moving average of $8.56. Nuveen New York Municipal Valu has a 12-month low of $8.00 and a 12-month high of $8.94.
Hedge Funds Weigh In On Nuveen New York Municipal Valu
A number of hedge funds have recently modified their holdings of the stock. Fiera Capital Corp purchased a new stake in shares of Nuveen New York Municipal Valu during the 4th quarter worth about $1,751,000. Cetera Investment Advisers grew its stake in shares of Nuveen New York Municipal Valu by 26.2% in the 1st quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company’s stock valued at $155,000 after buying an additional 3,858 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Nuveen New York Municipal Valu in the first quarter worth approximately $157,000. Corient Private Wealth LLC acquired a new position in Nuveen New York Municipal Valu in the fourth quarter worth approximately $220,000. Finally, Virtu Financial LLC bought a new position in Nuveen New York Municipal Valu during the fourth quarter valued at approximately $113,000. 22.50% of the stock is owned by institutional investors and hedge funds.
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.
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