Nuveen New York Municipal Valu (NYSE:NNY) Shares Will Pay Monthly Dividend of $0.03

Nuveen New York Municipal Valu (NYSE:NNY) announced a monthly dividend on Monday, November 2nd. Stockholders of record on Friday, November 13th will be given a dividend of $0.0295 per share by the investment management company on Tuesday, December 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen New York Municipal Valu Stock Down 0.8%

NNY opened at $7.87 on Tuesday. Nuveen New York Municipal Valu has a 12-month low of $7.55 and a 12-month high of $8.94. The business has a 50 day moving average of $7.91 and a 200-day moving average of $8.37.

Institutional Investors Weigh In On Nuveen New York Municipal Valu

Several hedge funds have recently added to or reduced their stakes in NNY. Kestra Advisory Services LLC acquired a new stake in Nuveen New York Municipal Valu during the 1st quarter valued at $157,000. Cetera Investment Advisers increased its holdings in shares of Nuveen New York Municipal Valu by 26.2% in the first quarter. Cetera Investment Advisers now owns 18,585 shares of the investment management company’s stock valued at $155,000 after purchasing an additional 3,858 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of Nuveen New York Municipal Valu in the third quarter valued at $26,000. Leigh Baldwin & CO. LLC increased its holdings in shares of Nuveen New York Municipal Valu by 2.6% in the first quarter. Leigh Baldwin & CO. LLC now owns 119,818 shares of the investment management company’s stock valued at $1,000,000 after purchasing an additional 3,086 shares during the last quarter. Finally, Breakwater Capital Group raised its position in shares of Nuveen New York Municipal Valu by 6.6% in the third quarter. Breakwater Capital Group now owns 31,341 shares of the investment management company’s stock valued at $244,000 after purchasing an additional 1,935 shares during the period. Institutional investors and hedge funds own 22.50% of the company’s stock.

About Nuveen New York Municipal Valu

Nuveen New York Municipal Value Fund, Inc (NYSE: NNY) is a closed-end management investment company designed to provide current income that is exempt from regular federal income tax and New York State and New York City personal income taxes, subject to applicable tax rules.

The fund invests primarily in municipal securities issued by New York State, its political subdivisions and public authorities, as well as other qualifying municipal issuers. Its portfolio may include bonds financing public infrastructure and essential services such as transportation, education, health care, utilities and housing.

NNY is managed by Nuveen, an investment manager specializing in municipal bonds and other income-oriented strategies.