Nuveen New York Municipal Valu (NYSE:NNY) Stock Passes Below 200 Day Moving Average – Should You Sell?

Nuveen New York Municipal Valu (NYSE:NNY)’s share price crossed 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 changing hands.

Nuveen New York Municipal Valu Price Performance

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

Nuveen New York Municipal Valu Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.0295 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Wednesday, July 15th.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

A number of large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC purchased a new position in Nuveen New York Municipal Valu in the 4th quarter worth $25,000. Elyxium Wealth LLC acquired a new stake in Nuveen New York Municipal Valu during the 4th quarter worth about $26,000. International Assets Investment Management LLC purchased a new stake in Nuveen New York Municipal Valu during the 4th quarter valued at about $56,000. Citadel Advisors LLC purchased a new stake in Nuveen New York Municipal Valu during the 3rd quarter valued at about $99,000. Finally, Virtu Financial LLC acquired a new position in shares of Nuveen New York Municipal Valu in the fourth quarter valued at about $113,000. 22.50% of the stock is owned by hedge funds and other institutional investors.

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.