Nuveen New York Municipal Value Fund (NYSE:NNY) Stock Price Crosses Below 200 Day Moving Average of $8.18

Shares of Nuveen New York Municipal Value Fund (NYSE:NNY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.18 and traded as low as $8.12. Nuveen New York Municipal Value Fund shares last traded at $8.18, with a volume of 94,848 shares.

Nuveen New York Municipal Value Fund Trading Down 0.4 %

The business has a 50-day moving average price of $8.31 and a 200-day moving average price of $8.18.

Nuveen New York Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.028 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Friday, April 12th.

Hedge Funds Weigh In On Nuveen New York Municipal Value Fund

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new position in shares of Nuveen New York Municipal Value Fund during the first quarter worth $42,000. Virtu Financial LLC acquired a new position in shares of Nuveen New York Municipal Value Fund during the second quarter worth $85,000. Tyche Wealth Partners LLC acquired a new position in shares of Nuveen New York Municipal Value Fund during the fourth quarter worth $94,000. Advisor Group Holdings Inc. increased its position in shares of Nuveen New York Municipal Value Fund by 13.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 12,823 shares of the investment management company’s stock worth $105,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Cim LLC acquired a new position in shares of Nuveen New York Municipal Value Fund during the fourth quarter worth $118,000. 22.57% of the stock is owned by institutional investors and hedge funds.

Nuveen New York Municipal Value Fund Company Profile

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.