Fiera Capital Corp Buys Shares of 204,509 Nuveen New York Municipal Valu $NNY

Fiera Capital Corp bought a new stake in Nuveen New York Municipal Valu (NYSE:NNY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 204,509 shares of the investment management company’s stock, valued at approximately $1,751,000.

Other hedge funds have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Nuveen New York Municipal Valu in the fourth quarter valued at $25,000. Elyxium Wealth LLC purchased a new position in shares of Nuveen New York Municipal Valu in the fourth quarter valued at $26,000. International Assets Investment Management LLC purchased a new position in shares of Nuveen New York Municipal Valu in the fourth quarter valued at $56,000. Citadel Advisors LLC purchased a new position in shares of Nuveen New York Municipal Valu in the third quarter valued at $99,000. Finally, Prospera Financial Services Inc grew its position in shares of 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 purchasing an additional 6,500 shares in the last quarter. 22.50% of the stock is currently owned by institutional investors.

Nuveen New York Municipal Valu Trading Up 1.0%

Shares of NYSE NNY opened at $8.69 on Wednesday. Nuveen New York Municipal Valu has a fifty-two week low of $7.77 and a fifty-two week high of $8.94. The stock has a fifty day moving average of $8.53 and a 200-day moving average of $8.53.

Nuveen New York Municipal Valu Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.0295 dividend. The ex-dividend date is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 4.1%.

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.