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

Nuveen New York Municipal Valu (NYSE:NNY)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.19 and traded as high as $8.70. Nuveen New York Municipal Valu shares last traded at $8.53, with a volume of 32,974 shares trading hands.

Nuveen New York Municipal Valu Stock Performance

The company has a 50-day moving average of $8.34 and a 200 day moving average of $8.19.

Nuveen New York Municipal Valu Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.0295 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

Several hedge funds have recently bought and sold shares of NNY. XTX Topco Ltd purchased a new position in Nuveen New York Municipal Valu in the 1st quarter worth approximately $87,000. BCS Private Wealth Management Inc. bought a new stake in shares of Nuveen New York Municipal Valu during the 2nd quarter worth $122,000. Realta Investment Advisors grew its position in Nuveen New York Municipal Valu by 71.3% in the second quarter. Realta Investment Advisors now owns 17,338 shares of the investment management company’s stock worth $141,000 after acquiring an additional 7,218 shares in the last quarter. Prospera Financial Services Inc increased its stake in Nuveen New York Municipal Valu by 54.2% in the third quarter. Prospera Financial Services Inc now owns 18,500 shares of the investment management company’s stock valued at $153,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. increased its stake in Nuveen New York Municipal Valu by 5.0% in the third quarter. Marshall & Sterling Wealth Advisors Inc. now owns 58,798 shares of the investment management company’s stock valued at $486,000 after acquiring an additional 2,792 shares during the last quarter. 22.50% of the stock is currently owned by institutional investors.

About Nuveen New York Municipal Valu

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.