Nuveen California Municipal Value Fund (NYSE:NCA) Shares Up 0.2%

Nuveen California Municipal Value Fund (NYSE:NCA) was up 0.2% on Wednesday . The company traded as high as $8.79 and last traded at $8.75. Approximately 40,200 shares traded hands during trading, a decline of 28% from the average daily volume of 55,653 shares. The stock had previously closed at $8.73.

Nuveen California Municipal Value Fund Price Performance

The firm has a 50-day simple moving average of $8.85 and a 200 day simple moving average of $8.67.

Nuveen California Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a $0.029 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.35 dividend on an annualized basis and a yield of 3.98%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NCA. Raymond James & Associates boosted its position in shares of Nuveen California Municipal Value Fund by 108.4% during the 3rd quarter. Raymond James & Associates now owns 39,413 shares of the company’s stock valued at $324,000 after purchasing an additional 20,500 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Nuveen California Municipal Value Fund by 28.1% during the third quarter. Stratos Wealth Partners LTD. now owns 23,855 shares of the company’s stock worth $196,000 after buying an additional 5,226 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Nuveen California Municipal Value Fund by 15.2% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 343,363 shares of the company’s stock worth $2,819,000 after acquiring an additional 45,292 shares in the last quarter. Ieq Capital LLC lifted its position in shares of Nuveen California Municipal Value Fund by 50.0% during the third quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $123,000 after purchasing an additional 5,000 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Nuveen California Municipal Value Fund by 22.9% during the third quarter. D.A. Davidson & CO. now owns 37,916 shares of the company’s stock worth $311,000 after purchasing an additional 7,057 shares during the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Value Fund Company Profile

Nuveen California Municipal Value Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California. The fund invests primarily in municipal securities rated Baa/BBB or better.