Nuveen California Municipal Value Fund (NYSE:NCA) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Nuveen California Municipal Value Fund (NYSE:NCA) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.60 and traded as low as $8.46. Nuveen California Municipal Value Fund shares last traded at $8.48, with a volume of 47,220 shares.

Nuveen California Municipal Value Fund Stock Performance

The business’s 50 day simple moving average is $8.60 and its 200-day simple moving average is $8.85.

Nuveen California Municipal Value Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a $0.029 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.35 dividend on an annualized basis and a yield of 4.11%.

Institutional Trading of Nuveen California Municipal Value Fund

Several large investors have recently added to or reduced their stakes in NCA. Advisors Asset Management Inc. increased its holdings in shares of Nuveen California Municipal Value Fund by 4.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 585,102 shares of the company’s stock valued at $5,336,000 after acquiring an additional 22,456 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in Nuveen California Municipal Value Fund by 36.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 29,688 shares of the company’s stock worth $251,000 after acquiring an additional 7,997 shares during the period. Miracle Mile Advisors LLC lifted its position in Nuveen California Municipal Value Fund by 8.0% during the 3rd quarter. Miracle Mile Advisors LLC now owns 27,000 shares of the company’s stock worth $246,000 after acquiring an additional 2,000 shares during the last quarter. Nwam LLC bought a new stake in Nuveen California Municipal Value Fund during the third quarter valued at about $191,000. Finally, Mutual Advisors LLC boosted its holdings in Nuveen California Municipal Value Fund by 12.6% during the fourth quarter. Mutual Advisors LLC now owns 18,752 shares of the company’s stock valued at $158,000 after acquiring an additional 2,096 shares during the period. 21.46% of the stock is owned by institutional investors.

Nuveen California Municipal Value Fund Company Profile

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.