Nuveen New York Municipal Valu (NNY) to Distribute Monthly Dividend of $0.03 on August 3rd

Nuveen New York Municipal Valu (NYSE:NNY) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.0295 per share by the investment management company on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, July 15th.

Nuveen New York Municipal Valu Price Performance

Shares of NYSE:NNY opened at $8.69 on Monday. Nuveen New York Municipal Valu has a 1 year low of $7.93 and a 1 year high of $8.94. The business’s 50-day moving average is $8.60 and its 200-day moving average is $8.58.

Hedge Funds Weigh In On Nuveen New York Municipal Valu

A number of institutional investors and hedge funds have recently modified their holdings of NNY. Fiera Capital Corp bought a new stake in shares of Nuveen New York Municipal Valu in the 4th quarter valued at $1,751,000. Hennion & Walsh Asset Management Inc. boosted its stake in Nuveen New York Municipal Valu by 62.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 412,635 shares of the investment management company’s stock worth $3,534,000 after acquiring an additional 158,370 shares in the last quarter. Raymond James Financial Inc. boosted its stake in Nuveen New York Municipal Valu by 71.2% during the third quarter. Raymond James Financial Inc. now owns 68,416 shares of the investment management company’s stock worth $565,000 after acquiring an additional 28,449 shares in the last quarter. Corient Private Wealth LLC acquired a new stake in Nuveen New York Municipal Valu in the fourth quarter worth $220,000. Finally, Leigh Baldwin & CO. LLC grew its holdings in Nuveen New York Municipal Valu by 27.0% in the fourth quarter. Leigh Baldwin & CO. LLC now owns 116,732 shares of the investment management company’s stock worth $1,000,000 after purchasing an additional 24,839 shares during the period. 22.50% of the stock is currently owned by institutional investors.

Nuveen New York Municipal Valu Company Profile

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.