Nuveen New York Municipal Value Fund (NYSE:NNY) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Nuveen New York Municipal Value Fund (NYSE:NNY)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.32 and traded as high as $8.32. Nuveen New York Municipal Value Fund shares last traded at $8.25, with a volume of 18,766 shares trading hands.

Nuveen New York Municipal Value Fund Stock Performance

The stock has a 50 day moving average price of $8.24 and a 200 day moving average price of $8.32.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0295 dividend. This represents a $0.35 annualized dividend and a yield of 4.29%. The ex-dividend date is Friday, March 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pacific Wealth Strategies Group Inc. purchased a new position in Nuveen New York Municipal Value Fund in the fourth quarter valued at approximately $80,000. Nomura Holdings Inc. bought a new stake in shares of Nuveen New York Municipal Value Fund in the fourth quarter valued at $196,000. Stifel Financial Corp lifted its position in shares of Nuveen New York Municipal Value Fund by 3.9% during the 4th quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company’s stock valued at $311,000 after buying an additional 1,440 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Nuveen New York Municipal Value Fund during the 4th quarter worth $373,000. Finally, Wells Fargo & Company MN increased its holdings in Nuveen New York Municipal Value Fund by 2.8% in the 4th quarter. Wells Fargo & Company MN now owns 64,720 shares of the investment management company’s stock worth $521,000 after acquiring an additional 1,783 shares during the last quarter. 22.57% of the stock is owned by institutional investors.

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.