Nuveen New York Municipal Valu (NYSE:NNY) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Nuveen New York Municipal Valu (NYSE:NNY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.53 and traded as low as $8.13. Nuveen New York Municipal Valu shares last traded at $8.1550, with a volume of 50,304 shares changing hands.

Nuveen New York Municipal Valu Price Performance

The business’s 50-day simple moving average is $8.49 and its 200-day simple moving average is $8.53.

Nuveen New York Municipal Valu Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be issued a dividend of $0.0295 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, August 14th.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

Institutional investors and hedge funds have recently bought and sold shares of the business. Fiera Capital Corp bought a new stake in Nuveen New York Municipal Valu in the fourth quarter valued at $1,751,000. Marshall & Sterling Wealth Advisors Inc. lifted its position in shares of Nuveen New York Municipal Valu by 5.0% in the 4th quarter. Marshall & Sterling Wealth Advisors Inc. now owns 61,730 shares of the investment management company’s stock worth $529,000 after purchasing an additional 2,932 shares during the period. UBS Group AG lifted its position in shares of Nuveen New York Municipal Valu by 3.9% in the 4th quarter. UBS Group AG now owns 538,911 shares of the investment management company’s stock worth $4,615,000 after purchasing an additional 20,349 shares during the period. Elyxium Wealth LLC bought a new stake in shares of Nuveen New York Municipal Valu during the 4th quarter valued at about $26,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Nuveen New York Municipal Valu during the 4th quarter valued at about $56,000. 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.