Nuveen New York Municipal Value Fund (NYSE:NNY) Stock Price Crosses Below 200 Day Moving Average of $8.18

Shares of Nuveen New York Municipal Value Fund (NYSE:NNY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.18 and traded as low as $8.12. Nuveen New York Municipal Value Fund shares last traded at $8.18, with a volume of 94,848 shares trading hands.

Nuveen New York Municipal Value Fund Price Performance

The firm has a 50-day moving average of $8.31 and a 200-day moving average of $8.18.

Nuveen New York Municipal Value Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a dividend of $0.028 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.34 annualized dividend and a dividend yield of 4.11%.

Hedge Funds Weigh In On Nuveen New York Municipal Value Fund

Several hedge funds and other institutional investors have recently modified their holdings of NNY. JPMorgan Chase & Co. bought a new position in shares of Nuveen New York Municipal Value Fund during the 1st quarter valued at $42,000. Virtu Financial LLC bought a new position in shares of Nuveen New York Municipal Value Fund during the 2nd quarter valued at $85,000. Tyche Wealth Partners LLC bought a new position in shares of Nuveen New York Municipal Value Fund during the 4th quarter valued at $94,000. Advisor Group Holdings Inc. lifted its holdings in shares of Nuveen New York Municipal Value Fund by 13.5% during the 4th quarter. Advisor Group Holdings Inc. now owns 12,823 shares of the investment management company’s stock valued at $105,000 after buying an additional 1,527 shares during the period. Finally, Cim LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund in the 4th quarter worth $118,000. 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.