Sit Investment Associates Inc. Sells 2,420 Shares of Nuveen California Quality Muncpl IncmFnd (NYSE:NAC)

Sit Investment Associates Inc. lowered its holdings in shares of Nuveen California Quality Muncpl IncmFnd (NYSE:NAC) by 0.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 504,905 shares of the company’s stock after selling 2,420 shares during the period. Sit Investment Associates Inc.’s holdings in Nuveen California Quality Muncpl IncmFnd were worth $6,958,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in Nuveen California Quality Muncpl IncmFnd by 472.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,690 shares of the company’s stock worth $65,000 after purchasing an additional 3,870 shares during the period. US Bancorp DE grew its holdings in shares of Nuveen California Quality Muncpl IncmFnd by 12.9% during the 1st quarter. US Bancorp DE now owns 18,381 shares of the company’s stock worth $254,000 after acquiring an additional 2,100 shares during the period. Tortoise Investment Management LLC grew its holdings in shares of Nuveen California Quality Muncpl IncmFnd by 83.3% during the 1st quarter. Tortoise Investment Management LLC now owns 11,000 shares of the company’s stock worth $152,000 after acquiring an additional 5,000 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Nuveen California Quality Muncpl IncmFnd by 6.6% during the 1st quarter. Stratos Wealth Partners LTD. now owns 26,022 shares of the company’s stock worth $359,000 after acquiring an additional 1,611 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Nuveen California Quality Muncpl IncmFnd during the 1st quarter worth approximately $998,000.

Shares of NAC stock traded up $0.02 during midday trading on Friday, reaching $14.27. 17,130 shares of the stock were exchanged, compared to its average volume of 259,876. Nuveen California Quality Muncpl IncmFnd has a 1 year low of $12.25 and a 1 year high of $14.39.

The company also recently announced a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be issued a dividend of $0.056 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.67 dividend on an annualized basis and a dividend yield of 4.71%.

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Nuveen California Quality Muncpl IncmFnd Profile

Nuveen California Quality Municipal Income 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, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.

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Institutional Ownership by Quarter for Nuveen California Quality Muncpl IncmFnd (NYSE:NAC)

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