Wolverine Asset Management LLC boosted its stake in Nuveen New York Municipal Value Fund 2 (NYSE:NYV) by 258.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,491 shares of the company’s stock after buying an additional 6,840 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.40% of Nuveen New York Municipal Value Fund 2 worth $136,000 as of its most recent SEC filing.
Separately, Janney Montgomery Scott LLC purchased a new stake in shares of Nuveen New York Municipal Value Fund 2 during the 3rd quarter valued at $158,000.
Shares of Nuveen New York Municipal Value Fund 2 stock traded down $0.09 during trading hours on Friday, hitting $13.61. 5,324 shares of the company’s stock traded hands, compared to its average volume of 4,420. Nuveen New York Municipal Value Fund 2 has a 12-month low of $13.37 and a 12-month high of $15.94.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Friday, April 13th will be given a dividend of $0.0425 per share. This represents a $0.51 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, April 12th.
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About Nuveen New York Municipal Value Fund 2
Nuveen New York Municipal Value Fund 2 (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to provide current income exempt from regular federal and New York income taxes. The Fund’s secondary investment objective is to enhance portfolio value and total return.
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