Nuveen New York Municipal Valu (NNY) To Go Ex-Dividend on May 15th

Nuveen New York Municipal Valu (NYSE:NNY) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0295 per share by the investment management company on Monday, June 1st. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen New York Municipal Valu Trading Up 0.3%

NNY stock traded up $0.03 during mid-day trading on Wednesday, hitting $8.54. 4,281 shares of the company were exchanged, compared to its average volume of 36,605. The business has a 50 day simple moving average of $8.54 and a 200-day simple moving average of $8.53. Nuveen New York Municipal Valu has a 1-year low of $7.77 and a 1-year high of $8.94.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Breakwater Capital Group raised 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 valued at $285,000 after buying an additional 2,008 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. raised its position in Nuveen New York Municipal Valu by 5.0% during 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 purchasing an additional 2,792 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Nuveen New York Municipal Valu during the fourth quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new position in Nuveen New York Municipal Valu during the fourth quarter valued at approximately $26,000. Finally, Wells Fargo & Company MN raised its position in Nuveen New York Municipal Valu by 7.6% during the fourth quarter. Wells Fargo & Company MN now owns 75,138 shares of the investment management company’s stock valued at $643,000 after purchasing an additional 5,325 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors and hedge funds.

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.