Tortoise Investment Management LLC Cuts Stock Holdings in Nuveen New York Municipal Valu $NNY

Tortoise Investment Management LLC decreased its position in shares of Nuveen New York Municipal Valu (NYSE:NNY) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 662,306 shares of the investment management company’s stock after selling 141,975 shares during the quarter. Tortoise Investment Management LLC owned 3.51% of Nuveen New York Municipal Valu worth $5,672,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Breakwater Capital Group grew its holdings in shares of Nuveen New York Municipal Valu by 6.4% during 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 during the last quarter. Marshall & Sterling Wealth Advisors Inc. grew its holdings in shares of 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 buying an additional 2,792 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Nuveen New York Municipal Valu during the fourth quarter valued at approximately $25,000. Elyxium Wealth LLC purchased a new stake in shares of Nuveen New York Municipal Valu during the fourth quarter valued at approximately $26,000. Finally, Prospera Financial Services Inc grew its holdings in shares of Nuveen New York Municipal Valu by 54.2% during the third quarter. Prospera Financial Services Inc now owns 18,500 shares of the investment management company’s stock valued at $153,000 after buying an additional 6,500 shares during the last quarter. Hedge funds and other institutional investors own 22.50% of the company’s stock.

Nuveen New York Municipal Valu Trading Down 0.2%

NYSE:NNY opened at $8.38 on Tuesday. The company’s 50 day moving average price is $8.53 and its 200-day moving average price is $8.53. Nuveen New York Municipal Valu has a 52 week low of $7.77 and a 52 week high of $8.94.

Nuveen New York Municipal Valu Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be issued a dividend of $0.0295 per share. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

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.