Nuveen New York Municipal Valu (NYSE:NNY) Shares Cross Above 200-Day Moving Average – Should You Sell?

Nuveen New York Municipal Valu (NYSE:NNY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.56 and traded as high as $8.82. Nuveen New York Municipal Valu shares last traded at $8.65, with a volume of 19,227 shares changing hands.

Nuveen New York Municipal Valu Price Performance

The business’s fifty day moving average is $8.56 and its two-hundred day moving average is $8.56.

Nuveen New York Municipal Valu Dividend Announcement

The firm 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 $0.0295 dividend. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC purchased a new stake in Nuveen New York Municipal Valu during the fourth quarter valued at approximately $25,000. Elyxium Wealth LLC purchased a new stake in Nuveen New York Municipal Valu during the 4th quarter valued at $26,000. International Assets Investment Management LLC purchased a new stake in Nuveen New York Municipal Valu during the 4th quarter valued at $56,000. Citadel Advisors LLC bought a new stake in Nuveen New York Municipal Valu in the third quarter worth $99,000. Finally, Virtu Financial LLC bought a new stake in Nuveen New York Municipal Valu in the fourth quarter worth $113,000. Hedge funds and other institutional investors own 22.50% of the company’s stock.

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.