Nuveen New York Municipal Value Fund (NYSE:NNY) Shares Pass Above 200-Day Moving Average – Time to Sell?

Nuveen New York Municipal Value Fund (NYSE:NNY)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $8.35 and traded as high as $8.38. Nuveen New York Municipal Value Fund shares last traded at $8.29, with a volume of 79,037 shares changing hands.

Nuveen New York Municipal Value Fund Stock Performance

The company has a 50-day moving average of $8.16 and a two-hundred day moving average of $8.35.

Nuveen New York Municipal Value Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0295 per share. The ex-dividend date is Friday, February 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.25%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NNY. Leigh Baldwin & CO. LLC purchased a new position in Nuveen New York Municipal Value Fund in the fourth quarter valued at approximately $848,000. Nomura Holdings Inc. acquired a new stake in shares of Nuveen New York Municipal Value Fund in the fourth quarter worth $196,000. Logan Stone Capital LLC purchased a new position in shares of Nuveen New York Municipal Value Fund in the 4th quarter valued at $765,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Nuveen New York Municipal Value Fund during the 4th quarter valued at $591,000. Finally, Stifel Financial Corp boosted its position in Nuveen New York Municipal Value Fund by 3.9% during the 4th quarter. Stifel Financial Corp now owns 38,712 shares of the investment management company’s stock worth $311,000 after purchasing an additional 1,440 shares during the period. Institutional investors and hedge funds own 22.57% of the company’s stock.

About Nuveen New York Municipal Value Fund

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.