Nuveen California Municipal Va (NYSE:NCA) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Nuveen California Municipal Va (NYSE:NCAGet Free Report)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.34 and traded as low as $9.31. Nuveen California Municipal Va shares last traded at $9.37, with a volume of 88,461 shares traded.

Nuveen California Municipal Va Stock Up 0.1%

The firm’s 50-day moving average price is $9.34 and its two-hundred day moving average price is $9.25.

Nuveen California Municipal Va Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a $0.03 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Trading of Nuveen California Municipal Va

Several institutional investors have recently made changes to their positions in NCA. UBS Group AG boosted its holdings in shares of Nuveen California Municipal Va by 38.8% during the fourth quarter. UBS Group AG now owns 1,792,954 shares of the company’s stock worth $16,047,000 after purchasing an additional 501,505 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Nuveen California Municipal Va by 40.0% during the fourth quarter. Advisors Asset Management Inc. now owns 1,070,770 shares of the company’s stock worth $9,583,000 after purchasing an additional 306,174 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen California Municipal Va by 24.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 370,139 shares of the company’s stock worth $3,313,000 after purchasing an additional 71,944 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Nuveen California Municipal Va during the fourth quarter worth approximately $559,000. Finally, Bank of America Corp DE boosted its holdings in shares of Nuveen California Municipal Va by 55.3% during the first quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock worth $1,538,000 after purchasing an additional 58,338 shares during the period. 21.46% of the stock is currently owned by institutional investors and hedge funds.

Nuveen California Municipal Va Company Profile

(Get Free Report)

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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