Nuveen New York Municipal Value Fund (NYSE:NNY) Shares Cross Above 200-Day Moving Average – Time to Sell?

Nuveen New York Municipal Value Fund (NYSE:NNY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.35 and traded as high as $8.57. Nuveen New York Municipal Value Fund shares last traded at $8.52, with a volume of 69,418 shares changing hands.

Nuveen New York Municipal Value Fund Price Performance

The stock has a 50 day moving average of $8.53 and a 200-day moving average of $8.35.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Tuesday, October 15th.

Institutional Investors 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. Herold Advisors Inc. raised its holdings in Nuveen New York Municipal Value Fund by 10.8% in the 2nd quarter. Herold Advisors Inc. now owns 31,668 shares of the investment management company’s stock worth $263,000 after purchasing an additional 3,095 shares during the period. Opal Wealth Advisors LLC acquired a new position in shares of Nuveen New York Municipal Value Fund during the 2nd quarter worth approximately $35,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen New York Municipal Value Fund by 2.8% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 304,922 shares of the investment management company’s stock valued at $2,528,000 after buying an additional 8,425 shares in the last quarter. Drucker Wealth 3.0 LLC acquired a new stake in Nuveen New York Municipal Value Fund in the 2nd quarter valued at $104,000. Finally, Cim LLC purchased a new stake in Nuveen New York Municipal Value Fund in the 4th quarter worth $118,000. Institutional investors and hedge funds own 22.57% of the company’s stock.

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.