Nuveen New York Municipal Value Fund (NNY) to Issue Monthly Dividend of $0.03 on March 1st

Nuveen New York Municipal Value Fund (NYSE:NNYGet Free Report) announced a monthly dividend on Thursday, February 1st, NASDAQ reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.028 per share by the investment management company on Friday, March 1st. This represents a $0.34 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Wednesday, February 14th.

Nuveen New York Municipal Value Fund Stock Performance

NNY opened at $8.43 on Monday. Nuveen New York Municipal Value Fund has a 1-year low of $7.58 and a 1-year high of $8.86. The business has a 50 day moving average price of $8.30 and a two-hundred day moving average price of $8.16.

Institutional Investors Weigh In On Nuveen New York Municipal Value Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG lifted its position in shares of Nuveen New York Municipal Value Fund by 11.6% during the 4th quarter. UBS Group AG now owns 510,030 shares of the investment management company’s stock valued at $4,223,000 after acquiring an additional 53,145 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Nuveen New York Municipal Value Fund by 3.8% during the 3rd quarter. Stifel Financial Corp now owns 47,584 shares of the investment management company’s stock valued at $381,000 after acquiring an additional 1,750 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Nuveen New York Municipal Value Fund by 36.3% during the 2nd quarter. Royal Bank of Canada now owns 23,089 shares of the investment management company’s stock valued at $195,000 after acquiring an additional 6,150 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Nuveen New York Municipal Value Fund during the 1st quarter valued at $42,000. Finally, Bank of America Corp DE lifted its position in shares of Nuveen New York Municipal Value Fund by 15.0% during the 1st quarter. Bank of America Corp DE now owns 22,822 shares of the investment management company’s stock valued at $199,000 after acquiring an additional 2,973 shares during the last quarter. Institutional investors and hedge funds own 19.70% of the company’s stock.

Nuveen New York Municipal Value Fund Company Profile

(Get Free Report)

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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Dividend History for Nuveen New York Municipal Value Fund (NYSE:NNY)

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