Nuveen New York Municipal Value Fund (NYSE:NNY – Get Rating) announced a monthly dividend on Friday, March 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, March 15th will be given a dividend of 0.026 per share by the investment management company on Monday, April 3rd. This represents a $0.31 annualized dividend and a yield of 3.71%. The ex-dividend date is Tuesday, March 14th.
Nuveen New York Municipal Value Fund Stock Up 1.8 %
NYSE:NNY opened at $8.42 on Friday. Nuveen New York Municipal Value Fund has a one year low of $7.95 and a one year high of $9.62. The firm's fifty day moving average is $8.52 and its two-hundred day moving average is $8.39.
Get Nuveen New York Municipal Value Fund alerts:Institutional Investors Weigh In On Nuveen New York Municipal Value Fund
Several hedge funds have recently added to or reduced their stakes in NNY. Raymond James & Associates boosted its holdings in Nuveen New York Municipal Value Fund by 9.6% in the first quarter. Raymond James & Associates now owns 34,255 shares of the investment management company's stock valued at $309,000 after purchasing an additional 3,000 shares during the last quarter. UBS Group AG boosted its holdings in Nuveen New York Municipal Value Fund by 11.0% in the first quarter. UBS Group AG now owns 301,237 shares of the investment management company's stock valued at $2,717,000 after purchasing an additional 29,884 shares during the last quarter. Guggenheim Capital LLC boosted its holdings in Nuveen New York Municipal Value Fund by 20.5% in the first quarter. Guggenheim Capital LLC now owns 159,891 shares of the investment management company's stock valued at $1,443,000 after purchasing an additional 27,202 shares during the last quarter. Virtu Financial LLC purchased a new stake in Nuveen New York Municipal Value Fund in the second quarter valued at $85,000. Finally, Advisor Group Holdings Inc. boosted its holdings in Nuveen New York Municipal Value Fund by 13.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 12,823 shares of the investment management company's stock valued at $105,000 after purchasing an additional 1,527 shares during the last quarter. 13.20% of the stock is owned by hedge funds and other institutional investors.
About Nuveen New York Municipal Value Fund
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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.
Further Reading
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