Nuveen New York Municipal Valu $NNY Shares Sold by Tortoise Investment Management LLC

Tortoise Investment Management LLC decreased its holdings in shares of Nuveen New York Municipal Valu (NYSE:NNY) by 7.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 804,281 shares of the investment management company’s stock after selling 68,079 shares during the period. Tortoise Investment Management LLC’s holdings in Nuveen New York Municipal Valu were worth $6,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NNY. Guggenheim Capital LLC increased its holdings in Nuveen New York Municipal Valu by 9.6% in the 2nd quarter. Guggenheim Capital LLC now owns 367,343 shares of the investment management company’s stock worth $2,979,000 after acquiring an additional 32,272 shares in the last quarter. BCS Private Wealth Management Inc. acquired a new position in Nuveen New York Municipal Valu during the second quarter worth $122,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Nuveen New York Municipal Valu by 22.1% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 254,265 shares of the investment management company’s stock valued at $2,100,000 after purchasing an additional 45,941 shares in the last quarter. Prospera Financial Services Inc lifted its holdings in Nuveen New York Municipal Valu by 54.2% during the third quarter. Prospera Financial Services Inc now owns 18,500 shares of the investment management company’s stock valued at $153,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. grew its position in shares of Nuveen New York Municipal Valu by 5.0% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 58,798 shares of the investment management company’s stock valued at $486,000 after purchasing an additional 2,792 shares during the period. Institutional investors and hedge funds own 22.50% of the company’s stock.

Nuveen New York Municipal Valu Price Performance

NNY stock opened at $8.67 on Thursday. Nuveen New York Municipal Valu has a 52 week low of $7.77 and a 52 week high of $8.94. The firm has a 50-day simple moving average of $8.58 and a 200-day simple moving average of $8.45.

Nuveen New York Municipal Valu Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Nuveen New York Municipal Valu Profile

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.