Nuveen California Municipal Value Fund (NYSE:NCA) Shares Down 0.3% – Here’s Why

Shares of Nuveen California Municipal Value Fund (NYSE:NCA) were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $8.68 and last traded at $8.70. Approximately 48,077 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 79,213 shares. The stock had previously closed at $8.73.

Nuveen California Municipal Value Fund Trading Down 0.3 %

The stock’s 50-day simple moving average is $8.60 and its 200 day simple moving average is $8.75.

Nuveen California Municipal Value Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, March 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.00%.

Institutional Investors Weigh In On Nuveen California Municipal Value Fund

Hedge funds have recently added to or reduced their stakes in the business. Logan Stone Capital LLC acquired a new position in shares of Nuveen California Municipal Value Fund during the fourth quarter valued at about $1,442,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Nuveen California Municipal Value Fund during the fourth quarter valued at approximately $1,137,000. Raymond James Financial Inc. acquired a new position in shares of Nuveen California Municipal Value Fund during the fourth quarter worth approximately $1,107,000. Atria Wealth Solutions Inc. acquired a new stake in Nuveen California Municipal Value Fund in the 4th quarter valued at $533,000. Finally, 1607 Capital Partners LLC grew its position in Nuveen California Municipal Value Fund by 19.7% in the 4th quarter. 1607 Capital Partners LLC now owns 364,971 shares of the company’s stock valued at $3,084,000 after purchasing an additional 60,185 shares during the period. 21.46% of the stock is currently 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.