Nuveen New York Municipal Valu (NYSE:NNY) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Nuveen New York Municipal Valu (NYSE:NNY) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.54 and traded as low as $8.29. Nuveen New York Municipal Valu shares last traded at $8.3190, with a volume of 26,560 shares.

Nuveen New York Municipal Valu Stock Up 0.2%

The business has a fifty day simple moving average of $8.56 and a 200-day simple moving average of $8.54.

Nuveen New York Municipal Valu Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $0.0295 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Trading of Nuveen New York Municipal Valu

Several large investors have recently modified their holdings of NNY. UBS Group AG lifted its holdings in Nuveen New York Municipal Valu by 3.9% during the fourth quarter. UBS Group AG now owns 538,911 shares of the investment management company’s stock valued at $4,615,000 after purchasing an additional 20,349 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Nuveen New York Municipal Valu by 3.4% during the 4th quarter. Guggenheim Capital LLC now owns 414,328 shares of the investment management company’s stock valued at $3,547,000 after buying an additional 13,519 shares in the last quarter. Fiera Capital Corp bought a new position in Nuveen New York Municipal Valu in the 4th quarter worth $1,751,000. Leigh Baldwin & CO. LLC increased its stake in Nuveen New York Municipal Valu by 2.6% in the 1st quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company’s stock worth $1,000,000 after buying an additional 3,086 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Nuveen New York Municipal Valu by 14.0% during the fourth quarter. Osaic Holdings Inc. now owns 117,848 shares of the investment management company’s stock valued at $1,009,000 after acquiring an additional 14,494 shares during the period. Institutional investors own 22.50% of the company’s stock.

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.