Nuveen New York Municipal Value Fund (NYSE:NNY) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Nuveen New York Municipal Value Fund (NYSE:NNY)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.32 and traded as high as $8.32. Nuveen New York Municipal Value Fund shares last traded at $8.25, with a volume of 18,766 shares changing hands.

Nuveen New York Municipal Value Fund Stock Up 0.1 %

The company’s 50 day moving average price is $8.25 and its 200-day moving average price is $8.31.

Nuveen New York Municipal Value Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0295 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.35 annualized dividend and a yield of 4.29%.

Institutional Investors Weigh In On Nuveen New York Municipal Value Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp raised its position in shares of Nuveen New York Municipal Value Fund by 4.4% during the third quarter. Stifel Financial Corp now owns 37,272 shares of the investment management company’s stock worth $321,000 after purchasing an additional 1,559 shares during the period. Pacific Wealth Strategies Group Inc. acquired a new stake in Nuveen New York Municipal Value Fund during the 4th quarter worth about $80,000. Wolverine Asset Management LLC lifted its stake in Nuveen New York Municipal Value Fund by 68.3% during the fourth quarter. Wolverine Asset Management LLC now owns 167,757 shares of the investment management company’s stock valued at $1,349,000 after buying an additional 68,101 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Nuveen New York Municipal Value Fund in the fourth quarter worth about $373,000. Finally, Tortoise Investment Management LLC increased its position in shares of Nuveen New York Municipal Value Fund by 13.2% in the fourth quarter. Tortoise Investment Management LLC now owns 1,015,670 shares of the investment management company’s stock worth $8,169,000 after acquiring an additional 118,684 shares in the last quarter. Institutional investors and hedge funds own 22.57% of the company’s stock.

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.