Nuveen California Municipal Va (NYSE:NCA) Stock Price Breaks Below Fifty Day Moving Average – What’s Next?

Nuveen California Municipal Va (NYSE:NCA – Get Free Report)’s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $8.50 and traded as low as $8.40. Nuveen California Municipal Va shares last traded at $8.4250, with a volume of 97,128 shares trading hands.

Nuveen California Municipal Va Price Performance

The company’s 50-day moving average price is $8.50 and its two-hundred day moving average price is $9.10.

Nuveen California Municipal Va Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.03 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.36 dividend on an annualized basis and a yield of 4.3%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen California Municipal Va by 9.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock worth $4,311,000 after acquiring an additional 38,762 shares during the period. Bank of America Corp DE grew its position in shares of Nuveen California Municipal Va by 55.3% in the first quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock valued at $1,538,000 after purchasing an additional 58,338 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its position in shares of Nuveen California Municipal Va by 6.1% in the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 70,022 shares of the company’s stock valued at $594,000 after purchasing an additional 4,000 shares during the last quarter. Sweeney & Michel LLC increased its stake in shares of Nuveen California Municipal Va by 2.9% during the third quarter. Sweeney & Michel LLC now owns 66,606 shares of the company’s stock worth $567,000 after purchasing an additional 1,902 shares during the period. Finally, Wedbush Securities Inc. bought a new position in shares of Nuveen California Municipal Va during the third quarter worth approximately $524,000. 21.46% of the stock is owned by institutional investors.

Nuveen California Municipal Va Company Profile

(Get Free Report)

Nuveen California Municipal Value Fund (NYSE: NCA) is a closed-end investment company managed by Nuveen, a global asset manager. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax, while also pursuing the potential for capital appreciation. The fund invests primarily in municipal securities issued by the state of California and its municipalities, public agencies and other governmental entities. Its portfolio may include bonds financing public infrastructure and essential services such as transportation, utilities, education, health care and housing.

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