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

Nuveen New York Municipal Valu (NYSE:NNY)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.48 and traded as low as $8.16. Nuveen New York Municipal Valu shares last traded at $8.16, with a volume of 53,724 shares.

Nuveen New York Municipal Valu Stock Down 1.8%

The stock has a fifty day moving average of $8.55 and a two-hundred day moving average of $8.48.

Nuveen New York Municipal Valu Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $0.0295 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, March 13th.

Hedge Funds Weigh In On Nuveen New York Municipal Valu

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG boosted its holdings in Nuveen New York Municipal Valu by 3.9% in the fourth quarter. UBS Group AG now owns 538,911 shares of the investment management company’s stock valued at $4,615,000 after acquiring an additional 20,349 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Nuveen New York Municipal Valu by 3.4% during the 4th quarter. Guggenheim Capital LLC now owns 414,328 shares of the investment management company’s stock worth $3,547,000 after purchasing an additional 13,519 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen New York Municipal Valu by 62.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 412,635 shares of the investment management company’s stock worth $3,534,000 after purchasing an additional 158,370 shares during the period. Fiera Capital Corp acquired a new position in shares of Nuveen New York Municipal Valu in the 4th quarter worth approximately $1,751,000. Finally, Osaic Holdings Inc. boosted its stake in shares of Nuveen New York Municipal Valu by 14.0% in the 4th quarter. Osaic Holdings Inc. now owns 117,848 shares of the investment management company’s stock valued at $1,009,000 after purchasing an additional 14,494 shares during the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

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.