Nuveen NY Municipal Value (NYSE:NNY) Stock Passes Below Fifty Day Moving Average of $10.01

Nuveen NY Municipal Value (NYSE:NNY) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.01 and traded as low as $9.98. Nuveen NY Municipal Value shares last traded at $9.98, with a volume of 619 shares changing hands.

The business’s 50-day simple moving average is $10.01.

The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.36 annualized dividend and a yield of 3.61%.

An institutional investor recently raised its position in Nuveen NY Municipal Value stock. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Nuveen NY Municipal Value (NYSE:NNY) by 49.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,701 shares of the investment management company’s stock after purchasing an additional 11,883 shares during the quarter. Cambridge Investment Research Advisors Inc. owned 0.23% of Nuveen NY Municipal Value worth $341,000 as of its most recent SEC filing. 5.69% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen NY Municipal Value Company Profile (NYSE:NNY)

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.

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