Nuveen New York Municipal Valu (NYSE:NNY) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen New York Municipal Valu (NYSE:NNY)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $8.43 and traded as low as $7.74. Nuveen New York Municipal Valu shares last traded at $7.78, with a volume of 63,822 shares changing hands.

Nuveen New York Municipal Valu Trading Down 0.3%

The business’s fifty day moving average price is $8.15 and its 200-day moving average price is $8.43.

Nuveen New York Municipal Valu Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 4.6%.

Hedge Funds Weigh In On Nuveen New York Municipal Valu

Several institutional investors have recently modified their holdings of NNY. Fiera Capital Corp purchased a new position in shares of Nuveen New York Municipal Valu during the 4th quarter valued at about $1,751,000. Kestra Advisory Services LLC purchased a new stake in Nuveen New York Municipal Valu in the first quarter worth approximately $157,000. Cetera Investment Advisers grew its position in Nuveen New York Municipal Valu by 26.2% during 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 last quarter. Leigh Baldwin & CO. LLC grew its position in Nuveen New York Municipal Valu by 2.6% during the first quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company’s stock valued at $1,000,000 after acquiring an additional 3,086 shares during the last quarter. Finally, Susquehanna International Group LLP raised its stake 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 acquiring an additional 1,933 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors.

Nuveen New York Municipal Valu Company Profile

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes. The fund is designed for investors seeking tax-advantaged exposure to the municipal bond market.

The fund invests primarily in municipal securities issued by or on behalf of New York State and its political subdivisions, municipalities, and public authorities. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, health care, utilities, and other civic projects.