1607 Capital Partners LLC Sells 58,883 Shares of Nuveen New York Municipal Valu $NNY

1607 Capital Partners LLC trimmed its position in Nuveen New York Municipal Valu (NYSE:NNY) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 623,323 shares of the investment management company’s stock after selling 58,883 shares during the period. 1607 Capital Partners LLC’s holdings in Nuveen New York Municipal Valu were worth $5,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its holdings in 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 valued at $3,534,000 after buying an additional 158,370 shares in the last quarter. Fiera Capital Corp acquired a new position in Nuveen New York Municipal Valu in the 4th quarter valued at $1,751,000. Raymond James Financial Inc. grew its holdings in Nuveen New York Municipal Valu by 71.2% in the 3rd quarter. Raymond James Financial Inc. now owns 68,416 shares of the investment management company’s stock valued at $565,000 after buying an additional 28,449 shares in the last quarter. Leigh Baldwin & CO. LLC grew its holdings in Nuveen New York Municipal Valu by 27.0% in the 4th quarter. Leigh Baldwin & CO. LLC now owns 116,732 shares of the investment management company’s stock valued at $1,000,000 after buying an additional 24,839 shares in the last quarter. Finally, Guggenheim Capital LLC grew its holdings in shares of 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 in the last quarter. 22.50% of the stock is owned by institutional investors and hedge funds.

Nuveen New York Municipal Valu Price Performance

NNY opened at $8.64 on Thursday. Nuveen New York Municipal Valu has a 52-week low of $7.93 and a 52-week high of $8.94. The business’s fifty day moving average is $8.55 and its 200-day moving average is $8.55.

Nuveen New York Municipal Valu Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be issued a dividend of $0.0295 per share. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen New York Municipal Valu 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.