Nuveen New York Municipal Valu (NYSE:NNY) Declares Monthly Dividend of $0.03

Nuveen New York Municipal Valu (NYSE:NNY) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.0295 per share by the investment management company on Monday, November 2nd. This represents a $0.35 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Thursday, October 15th.

Nuveen New York Municipal Valu Trading Up 0.4%

Nuveen New York Municipal Valu stock opened at $7.81 on Friday. The business’s 50-day simple moving average is $8.09 and its 200 day simple moving average is $8.40. Nuveen New York Municipal Valu has a 12-month low of $7.55 and a 12-month high of $8.94.

Institutional Trading of Nuveen New York Municipal Valu

A number of institutional investors have recently modified their holdings of NNY. Susquehanna International Group LLP lifted its stake in Nuveen New York Municipal Valu by 14.1% during the second quarter. Susquehanna International Group LLP now owns 15,601 shares of the investment management company’s stock worth $136,000 after purchasing an additional 1,933 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Nuveen New York Municipal Valu by 26.2% in the 1st quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 3,858 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Nuveen New York Municipal Valu during the 1st quarter valued at $157,000. Leigh Baldwin & CO. LLC grew its holdings in shares of Nuveen New York Municipal Valu by 2.6% during the first quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company’s stock worth $1,000,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Fiera Capital Corp bought a new position in Nuveen New York Municipal Valu in the 4th quarter valued at approximately $1,751,000. 22.50% of the stock is currently owned by institutional investors.

Nuveen New York Municipal Valu Company Profile

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end investment company that seeks to provide current income exempt from regular federal income tax and New York State and New York City income taxes. The fund is designed for investors seeking tax-advantaged exposure to the municipal bond market.

The fund invests primarily in municipal securities issued by or on behalf of New York State and its political subdivisions, municipalities, and public authorities. Its portfolio may include bonds financing public infrastructure and essential services, such as transportation, education, health care, utilities, and other civic projects.