Nuveen New York Municipal Value Fund (NYSE:NNY) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Nuveen New York Municipal Value Fund (NYSE:NNY) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.36 and traded as low as $8.29. Nuveen New York Municipal Value Fund shares last traded at $8.32, with a volume of 20,644 shares changing hands.

Nuveen New York Municipal Value Fund Stock Up 0.2 %

The stock has a 50 day moving average price of $8.16 and a 200 day moving average price of $8.36.

Nuveen New York Municipal Value Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0295 per share. This represents a $0.35 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, February 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Nuveen New York Municipal Value Fund during the 4th quarter worth $373,000. Tortoise Investment Management LLC grew its holdings in Nuveen New York Municipal Value Fund by 13.2% during the 4th quarter. Tortoise Investment Management LLC now owns 1,015,670 shares of the investment management company’s stock worth $8,169,000 after acquiring an additional 118,684 shares during the period. Wolverine Asset Management LLC grew its holdings in Nuveen New York Municipal Value Fund by 68.3% during the 4th quarter. Wolverine Asset Management LLC now owns 167,757 shares of the investment management company’s stock worth $1,349,000 after acquiring an additional 68,101 shares during the period. Pacific Wealth Strategies Group Inc. acquired a new stake in Nuveen New York Municipal Value Fund during the 4th quarter worth about $80,000. Finally, Stifel Financial Corp grew its holdings in Nuveen New York Municipal Value Fund by 4.4% during the 3rd quarter. Stifel Financial Corp now owns 37,272 shares of the investment management company’s stock worth $321,000 after acquiring an additional 1,559 shares during the period. 22.57% of the stock is owned by institutional investors.

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.