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

Nuveen New York Municipal Valu (NYSE:NNY) announced a monthly dividend on Monday, November 3rd. Stockholders of record on Friday, November 14th will be paid a dividend of 0.0295 per share by the investment management company on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, November 14th.

Nuveen New York Municipal Valu Stock Up 0.5%

Nuveen New York Municipal Valu stock opened at $8.43 on Tuesday. Nuveen New York Municipal Valu has a 1-year low of $7.77 and a 1-year high of $8.87. The firm’s 50 day simple moving average is $8.29 and its 200 day simple moving average is $8.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in shares of Nuveen New York Municipal Valu in the 1st quarter worth $87,000. Realta Investment Advisors grew its holdings in shares of 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 purchasing an additional 7,218 shares during the last quarter. Leigh Baldwin & CO. LLC grew its holdings in Nuveen New York Municipal Valu by 2.0% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 107,592 shares of the investment management company’s stock worth $889,000 after acquiring an additional 2,152 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of Nuveen New York Municipal Valu by 0.7% in the first quarter. Tortoise Investment Management LLC now owns 1,022,429 shares of the investment management company’s stock worth $8,445,000 after purchasing an additional 6,759 shares during the last quarter. Finally, 1607 Capital Partners LLC grew its position in shares of Nuveen New York Municipal Valu by 3.5% in the 1st quarter. 1607 Capital Partners LLC now owns 730,465 shares of the investment management company’s stock worth $6,034,000 after buying an additional 24,487 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors.

About Nuveen New York Municipal Valu

Nuveen New York Municipal Value Fund, Inc is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.