Nuveen New York Municipal Value Fund (NYSE:NNY) Share Price Crosses Above Two Hundred Day Moving Average of $8.29

Nuveen New York Municipal Value Fund (NYSE:NNY)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.29 and traded as high as $8.43. Nuveen New York Municipal Value Fund shares last traded at $8.41, with a volume of 53,323 shares changing hands.

Nuveen New York Municipal Value Fund Stock Up 0.3 %

The business’s fifty day moving average is $8.29 and its two-hundred day moving average is $8.29.

Nuveen New York Municipal Value Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 15th will be given a dividend of $0.028 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.99%.

Hedge Funds Weigh In On Nuveen New York Municipal Value Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in NNY. Tortoise Investment Management LLC boosted its position in shares of Nuveen New York Municipal Value Fund by 36.8% during the fourth quarter. Tortoise Investment Management LLC now owns 783,865 shares of the investment management company’s stock worth $6,608,000 after purchasing an additional 210,909 shares in the last quarter. 1607 Capital Partners LLC lifted its position in Nuveen New York Municipal Value Fund by 12.2% in the 4th quarter. 1607 Capital Partners LLC now owns 797,958 shares of the investment management company’s stock valued at $6,607,000 after acquiring an additional 87,003 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in Nuveen New York Municipal Value Fund in the 4th quarter valued at $523,000. Hennion & Walsh Asset Management Inc. lifted its position in Nuveen New York Municipal Value Fund by 16.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 296,497 shares of the investment management company’s stock valued at $2,467,000 after acquiring an additional 42,945 shares in the last quarter. Finally, Breakwater Capital Group lifted its position in Nuveen New York Municipal Value Fund by 28.9% in the 1st quarter. Breakwater Capital Group now owns 119,063 shares of the investment management company’s stock valued at $991,000 after acquiring an additional 26,674 shares in the last quarter. 22.57% of the stock is owned by institutional investors.

About Nuveen New York Municipal Value Fund

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.