Nuveen California Municipal Value Fund (NYSE:NCA) Trading 0.2% Higher

Shares of Nuveen California Municipal Value Fund (NYSE:NCA) were up 0.2% on Wednesday . The stock 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 Stock Down 0.5 %

The firm has a 50 day moving average price of $8.84 and a 200-day moving average price of $8.67.

Nuveen California Municipal Value Fund Announces Dividend

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 paid a dividend of $0.029 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Trading of Nuveen California Municipal Value Fund

A number of hedge funds have recently bought and sold shares of NCA. UBS Group AG boosted its holdings in shares of Nuveen California Municipal Value Fund by 13.7% in the 3rd quarter. UBS Group AG now owns 1,025,429 shares of the company’s stock valued at $8,419,000 after purchasing an additional 123,644 shares during the last quarter. Advisors Asset Management Inc. grew its position in Nuveen California Municipal Value Fund by 3.7% during the third quarter. Advisors Asset Management Inc. now owns 538,181 shares of the company’s stock valued at $4,418,000 after acquiring an additional 18,956 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Nuveen California Municipal Value Fund by 15.2% during the third 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 during the last quarter. First Foundation Advisors raised its holdings in shares of Nuveen California Municipal Value Fund by 11.0% in the 3rd quarter. First Foundation Advisors now owns 207,332 shares of the company’s stock worth $1,702,000 after purchasing an additional 20,482 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Nuveen California Municipal Value Fund by 69.8% in the 4th quarter. Raymond James & Associates now owns 66,913 shares of the company’s stock valued at $600,000 after purchasing an additional 27,500 shares in the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

About Nuveen California Municipal Value Fund

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.