Nuveen California Municipal Va (NYSE:NCA) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of Nuveen California Municipal Va (NYSE:NCAGet Free Report) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.21 and traded as low as $9.15. Nuveen California Municipal Va shares last traded at $9.1590, with a volume of 40,765 shares.

Nuveen California Municipal Va Stock Up 0.1%

The business has a fifty day moving average of $9.21 and a 200 day moving average of $9.32.

Nuveen California Municipal Va Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 3.9%.

Institutional Trading of Nuveen California Municipal Va

Several hedge funds and other institutional investors have recently bought and sold shares of NCA. Investor s Fiduciary Advisor Network LLC acquired a new stake in Nuveen California Municipal Va during the second quarter valued at approximately $122,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Nuveen California Municipal Va by 9.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock valued at $4,311,000 after acquiring an additional 38,762 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Nuveen California Municipal Va by 55.3% in the 1st quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock valued at $1,538,000 after acquiring an additional 58,338 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Nuveen California Municipal Va by 18.1% during the 1st quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock valued at $325,000 after acquiring an additional 5,310 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in shares of Nuveen California Municipal Va during the 1st quarter valued at approximately $67,000. 21.46% of the stock is owned by institutional investors.

About Nuveen California Municipal Va

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Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.

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