Nuveen New York Municipal Value Fund 2 (NYV) Sets New 52-Week High at $14.60

Shares of Nuveen New York Municipal Value Fund 2 (NYSE:NYV) hit a new 52-week high during trading on Monday . The stock traded as high as $14.60 and last traded at $14.52, with a volume of 1881 shares. The stock had previously closed at $14.45.

The firm also recently declared a monthly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be given a dividend of $0.0425 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Tuesday, May 14th.

Several institutional investors and hedge funds have recently modified their holdings of NYV. Penbrook Management LLC increased its position in shares of Nuveen New York Municipal Value Fund 2 by 25.0% during the fourth quarter. Penbrook Management LLC now owns 25,000 shares of the company’s stock valued at $328,000 after acquiring an additional 5,000 shares during the last quarter. Tortoise Investment Management LLC increased its position in shares of Nuveen New York Municipal Value Fund 2 by 61.9% during the fourth quarter. Tortoise Investment Management LLC now owns 2,428 shares of the company’s stock valued at $32,000 after acquiring an additional 928 shares during the last quarter. Relative Value Partners Group LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund 2 during the fourth quarter valued at approximately $167,000. Finally, Karpus Management Inc. increased its position in shares of Nuveen New York Municipal Value Fund 2 by 61.2% during the fourth quarter. Karpus Management Inc. now owns 167,154 shares of the company’s stock valued at $2,192,000 after acquiring an additional 63,443 shares during the last quarter.

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Nuveen New York Municipal Value Fund 2 Company Profile (NYSE:NYV)

Nuveen New York Municipal Value Fund 2 (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to provide current income exempt from regular federal and New York income taxes. The Fund’s secondary investment objective is to enhance portfolio value and total return.

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