Icon Advisers Inc. Co. purchased a new stake in Nuveen New York Municipal Value Fund 2 (NYSE:NYV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 52,633 shares of the company’s stock, valued at approximately $768,000.
NYV traded down $0.07 on Friday, reaching $14.58. The company’s stock had a trading volume of 2,300 shares, compared to its average volume of 3,369. The stock has a 50 day moving average of $14.51 and a two-hundred day moving average of $14.29. Nuveen New York Municipal Value Fund 2 has a fifty-two week low of $12.64 and a fifty-two week high of $14.87.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be issued a $0.043 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Wednesday, August 14th.
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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