Nuveen New York Municipal Valu (NYSE:NNY) Stock Crosses Below 200-Day Moving Average – What’s Next?

Nuveen New York Municipal Valu (NYSE:NNY)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.53 and traded as low as $8.40. Nuveen New York Municipal Valu shares last traded at $8.45, with a volume of 20,982 shares changing hands.

Nuveen New York Municipal Valu Stock Performance

The firm has a 50 day moving average price of $8.50 and a two-hundred day moving average price of $8.53.

Nuveen New York Municipal Valu Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

Several large investors have recently modified their holdings of the stock. Leigh Baldwin & CO. LLC boosted its stake in shares of Nuveen New York Municipal Valu by 2.6% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company’s stock worth $1,000,000 after acquiring an additional 3,086 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nuveen New York Municipal Valu by 26.2% in the first quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company’s stock worth $155,000 after buying an additional 3,858 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Nuveen New York Municipal Valu in the first quarter worth about $157,000. Corient Private Wealth LLC acquired a new position in shares of Nuveen New York Municipal Valu in the fourth quarter worth about $220,000. Finally, Virtu Financial LLC acquired a new position in shares of Nuveen New York Municipal Valu in the fourth quarter worth about $113,000. 22.50% of the stock is owned by institutional investors.

Nuveen New York Municipal Valu Company Profile

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and New York State income taxes. The fund primarily invests in investment-grade municipal securities issued by public issuers in the State of New York, including general obligation bonds and revenue bonds issued to finance essential public projects such as schools, transportation infrastructure and utility systems.

As a diversified municipal bond fund, NNY’s portfolio spans a broad range of maturities and credit qualities within the investment-grade universe.