Tortoise Investment Management LLC Sells 150,069 Shares of Nuveen New York Municipal Valu $NNY

Tortoise Investment Management LLC reduced its stake in shares of Nuveen New York Municipal Valu (NYSE:NNY) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 872,360 shares of the investment management company’s stock after selling 150,069 shares during the quarter. Tortoise Investment Management LLC’s holdings in Nuveen New York Municipal Valu were worth $7,075,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NNY. Leigh Baldwin & CO. LLC increased its holdings in shares of Nuveen New York Municipal Valu by 2.0% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 107,592 shares of the investment management company’s stock worth $889,000 after purchasing an additional 2,152 shares during the period. Realta Investment Advisors grew its position in Nuveen New York Municipal Valu by 71.3% during the second quarter. Realta Investment Advisors now owns 17,338 shares of the investment management company’s stock worth $141,000 after buying an additional 7,218 shares in the last quarter. XTX Topco Ltd bought a new position in Nuveen New York Municipal Valu during the first quarter valued at about $87,000. Finally, 1607 Capital Partners LLC raised its holdings in Nuveen New York Municipal Valu by 3.5% in the 1st quarter. 1607 Capital Partners LLC now owns 730,465 shares of the investment management company’s stock valued at $6,034,000 after acquiring an additional 24,487 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

Nuveen New York Municipal Valu Trading Down 1.2%

Shares of NNY stock opened at $8.46 on Friday. Nuveen New York Municipal Valu has a 12 month low of $7.77 and a 12 month high of $8.87. The stock has a 50 day moving average of $8.37 and a two-hundred day moving average of $8.20.

Nuveen New York Municipal Valu Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.0295 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, November 14th.

About Nuveen New York Municipal Valu

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.