November 18, 2016 - By Pete Kolinski · 0 Comments
Nuveen New York Municipal Value Fund Inc (NYSE:NNY) institutional sentiment increased to 2.5 in 2016 Q2. Its up 1.60, from 0.9 in 2016Q1. The ratio improved, as 9 investment professionals increased or opened new holdings, while 10 sold and decreased their stock positions in Nuveen New York Municipal Value Fund Inc. The investment professionals in our partner’s database reported: 714,083 shares, up from 663,540 shares in 2016Q1. Also, the number of investment professionals holding Nuveen New York Municipal Value Fund Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 5 Increased: 5 New Position: 4.
Nuveen New York Municipal Value Fund, Inc. is a diversified closed-end management investment company. The company has a market cap of $146.10 million. The Fund seeks to provide current income exempt from both regular federal and New York State income taxes, by investing primarily in a portfolio of municipal obligations issued by state and local government authorities within the state of New York or certain United States territories. It has a 21.64 P/E ratio. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.
The stock decreased 0.73% or $0.07 on November 17, hitting $9.46. Nuveen NY Municipal Value (NYSE:NNY) has declined 7.53% since April 18, 2016 and is downtrending. It has underperformed by 11.96% the S&P500.
Penbrook Management Llc holds 1.15% of its portfolio in Nuveen NY Municipal Value for 100,000 shares. Clear Harbor Asset Management Llc owns 14,500 shares or 0.03% of their US portfolio. Moreover, Rmb Capital Management Llc has 0.03% invested in the company for 50,484 shares. The Pennsylvania-based Valley National Advisers Inc has invested 0.03% in the stock. Guggenheim Capital Llc, a Illinois-based fund reported 178,183 shares.#img1#
Nuveen New York Municipal Value Fund, Inc., incorporated on July 15, 1987, is a closed-end management investment company. The Fund seeks to provide current income exempt from both regular federal and New York state income taxes by investing primarily invests in municipal securities that are exempt from federal, New York state, and New York City income taxes. The fund invests at least 80% of its managed assets in municipal securities rated investment grade (Baa/BBB) at the time of investment.
More notable recent Nuveen NY Municipal Value (NYSE:NNY) news were published by: Nasdaq.com which released: “Nuveen New York Municipal Value Fund 2 (NYV) Ex-Dividend Date Scheduled for …” on October 11, 2016, also Marketwatch.com with their article: “Nuveen New York AMT-Free Municipal Income Fund downgraded to hold from buy at …” published on June 13, 2011, Businesswire.com published: “Nuveen Announces Completion of New York Municipal Closed-End Funds Merger” on June 08, 2015. More interesting news about Nuveen NY Municipal Value (NYSE:NNY) were released by: Businesswire.com and their article: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” published on August 19, 2014 as well as Marketwatch.com‘s news article titled: “Nuveen New York Dividend Advantage Municipal Fund downgraded to hold from buy …” with publication date: February 15, 2011.
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By Pete Kolinski