Nuveen New York Municipal Value Fund (NYSE:NNY) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Nuveen New York Municipal Value Fund (NYSE:NNY) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.36 and traded as low as $8.29. Nuveen New York Municipal Value Fund shares last traded at $8.32, with a volume of 20,644 shares.

Nuveen New York Municipal Value Fund Stock Performance

The firm has a 50 day simple moving average of $8.16 and a two-hundred day simple moving average of $8.36.

Nuveen New York Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Friday, February 14th will be paid a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, February 14th.

Institutional Investors Weigh In On Nuveen New York Municipal Value Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tortoise Investment Management LLC lifted its stake in shares of Nuveen New York Municipal Value Fund by 13.2% in the 4th quarter. Tortoise Investment Management LLC now owns 1,015,670 shares of the investment management company’s stock valued at $8,169,000 after acquiring an additional 118,684 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Nuveen New York Municipal Value Fund by 68.3% in the 4th quarter. Wolverine Asset Management LLC now owns 167,757 shares of the investment management company’s stock valued at $1,349,000 after acquiring an additional 68,101 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at $373,000. Stifel Financial Corp lifted its stake in shares of Nuveen New York Municipal Value Fund by 4.4% in the 3rd quarter. Stifel Financial Corp now owns 37,272 shares of the investment management company’s stock valued at $321,000 after acquiring an additional 1,559 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Nuveen New York Municipal Value Fund by 761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 24,461 shares of the investment management company’s stock valued at $211,000 after acquiring an additional 21,620 shares during the last quarter. 22.57% of the stock is currently 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.