Nuveen NY Municipal Value (NYSE:NNY)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as low as $10.23. Nuveen NY Municipal Value shares last traded at $10.24, with a volume of 8,350 shares changing hands.
The business’s 50-day moving average price is $10.10.
A hedge fund recently raised its stake in Nuveen NY Municipal Value stock. Janney Montgomery Scott LLC grew its holdings in shares of Nuveen NY Municipal Value (NYSE:NNY) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,500 shares of the investment management company’s stock after acquiring an additional 1,500 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Nuveen NY Municipal Value worth $125,000 as of its most recent SEC filing. 5.68% of the stock is owned by institutional investors and hedge funds.
About Nuveen NY Municipal Value (NYSE:NNY)
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.
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