Nuveen New York Municipal Valu (NYSE:NNY) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Nuveen New York Municipal Valu (NYSE:NNY) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.57 and traded as low as $8.21. Nuveen New York Municipal Valu shares last traded at $8.24, with a volume of 92,459 shares.

Nuveen New York Municipal Valu Stock Down 0.1%

The business’s 50 day moving average price is $8.61 and its 200-day moving average price is $8.57.

Nuveen New York Municipal Valu Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.0295 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fiera Capital Corp bought a new stake in shares of Nuveen New York Municipal Valu in the 4th quarter valued at approximately $1,751,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen New York Municipal Valu by 62.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 412,635 shares of the investment management company’s stock worth $3,534,000 after buying an additional 158,370 shares during the period. Raymond James Financial Inc. boosted its stake in Nuveen New York Municipal Valu by 71.2% in the 3rd quarter. Raymond James Financial Inc. now owns 68,416 shares of the investment management company’s stock valued at $565,000 after buying an additional 28,449 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Nuveen New York Municipal Valu in the 4th quarter valued at $220,000. Finally, Leigh Baldwin & CO. LLC boosted its stake in Nuveen New York Municipal Valu by 27.0% in the 4th quarter. Leigh Baldwin & CO. LLC now owns 116,732 shares of the investment management company’s stock valued at $1,000,000 after buying an additional 24,839 shares in 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 (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.