Nuveen New York Municipal Value Fund (NNY)
Nuveen New York Municipal Value Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $7.77, down 0.38% on the session, giving a market capitalisation of $146.7M. On trailing twelve-month figures it carries a trailing P/E of -45.71, a net margin of -43.5%. Its beta of 0.37 implies it has historically moved less than the broad market.
The Nuveen New York Municipal Value Fund, Inc. is a closed-end investment vehicle, originally established by Nuveen Investments, Inc., with a focus on fixed income. Management responsibilities are jointly handled by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It strategically allocates capital within New York's fixed income markets. Its portfolio primarily consists of tax-exempt municipal bonds, mandated to possess a credit rating of Baa/BBB or superior. Portfolio construction relies on fundamental analysis, utilizing a bottom-up selection approach to identify suitable bond investments. The fund measures its portfolio's performance against two key benchmarks: the Standard & Poor's New York Municipal Bond Index and the Standard & Poor's National Municipal Bond Index. Established on October 7, 1987, the fund is domiciled within the United States.
Nuveen New York Municipal Value Fund is most often compared with the following Financial Services names: