Nuveen New York Municipal Value Fund 2 (NYSE: NYV) is 0.34% higher on its value in year-to-date trading and has touched a low of $10.96 and a high of $15.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NYV stock was last observed hovering at around $14.87 in the last trading session, with the day’s gains setting it 0.01%.
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Currently trading at $14.88, the stock is -0.33% and 0.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9801.0 and changing 0.07% at the moment leaves the stock 4.55% off its SMA200. NYV registered 3.98% gain for a year compared to 6-month gain of 9.06%. The firm has a 50-day simple moving average (SMA 50) of $14.87 and a 200-day simple moving average (SMA200) of $14.77.
The stock witnessed a 0.54% loss in the last 1 month and extending the period to 3 months gives it a 3.33%, and is -0.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.43% over the week and 0.54% over the month.
Current P/E ratio is 44.95. Distance from 52-week low is 35.83% and -4.91% from its 52-week high.
Nuveen New York Municipal Value Fund 2 (NYV) Analyst Forecasts
Nuveen New York Municipal Value Fund 2 (NYV) Top Institutional Holders
21 institutions hold shares in Nuveen New York Municipal Value Fund 2 (NYV), with institutional investors hold 26.38% of the company’s shares. Institutions hold 26.38% of the Float.
The top institutional shareholder in the company is Karpus Management Inc with over 0.17 million shares valued at $2.5 million. The investor’s holdings represent 7.19% of the NYV Shares outstanding. As of Sep 29, 2020, the second largest holder is Rivernorth Capital Management, Llc with 0.14 million shares valued at $2.09 million to account for 6.00% of the shares outstanding. The other top investors are Icon Advisers, Inc. which holds 65646.0 shares representing 2.79% and valued at over $0.97 million, while Shelton Capital Management LLC holds 2.53% of the shares totaling 59517.0 with a market value of $0.88 million.