Nuveen New York Municipal Valu (NYSE:NNY) Announces $0.03 Monthly Dividend

Nuveen New York Municipal Valu (NYSE:NNY) declared a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.0295 per share by the investment management company on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen New York Municipal Valu Trading Up 0.2%

Shares of Nuveen New York Municipal Valu stock opened at $8.76 on Thursday. Nuveen New York Municipal Valu has a 1-year low of $7.93 and a 1-year high of $8.94. The company’s fifty day simple moving average is $8.57 and its 200-day simple moving average is $8.56.

Hedge Funds Weigh In On Nuveen New York Municipal Valu

Institutional investors and hedge funds have recently bought and sold shares of the stock. Breakwater Capital Group boosted its position in shares of Nuveen New York Municipal Valu by 6.4% in the fourth quarter. Breakwater Capital Group now owns 33,282 shares of the investment management company’s stock worth $285,000 after purchasing an additional 2,008 shares during the period. Marshall & Sterling Wealth Advisors Inc. grew its holdings in Nuveen New York Municipal Valu by 5.0% during the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 61,730 shares of the investment management company’s stock valued at $529,000 after buying an additional 2,932 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Nuveen New York Municipal Valu in the 4th quarter valued at $25,000. Elyxium Wealth LLC bought a new stake in shares of Nuveen New York Municipal Valu in the fourth quarter worth about $26,000. Finally, Leigh Baldwin & CO. LLC increased its stake in Nuveen New York Municipal Valu by 2.6% in 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 during the last quarter. 22.50% of the stock is currently owned by hedge funds and other institutional investors.

About Nuveen New York Municipal Valu

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.