Nuveen California Municipal Va $NCA Position Increased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen California Municipal Va (NYSE:NCA) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 370,139 shares of the company’s stock after purchasing an additional 71,944 shares during the period. Hennion & Walsh Asset Management Inc. owned 1.12% of Nuveen California Municipal Va worth $3,313,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Nuveen California Municipal Va during the 3rd quarter worth about $33,000. Comerica Bank bought a new stake in shares of Nuveen California Municipal Va in the 1st quarter valued at approximately $62,000. Summitry LLC bought a new stake in shares of Nuveen California Municipal Va in the 3rd quarter valued at approximately $111,000. Steward Partners Investment Advisory LLC increased its holdings in Nuveen California Municipal Va by 8.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the company’s stock worth $141,000 after buying an additional 1,200 shares during the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management acquired a new position in Nuveen California Municipal Va in the third quarter worth approximately $182,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Stock Up 1.7%

Shares of NCA opened at $9.41 on Wednesday. The firm’s 50 day moving average price is $9.39 and its 200 day moving average price is $9.12. Nuveen California Municipal Va has a twelve month low of $8.22 and a twelve month high of $9.80.

Nuveen California Municipal Va Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.03 per share. This is a positive change from Nuveen California Municipal Va’s previous monthly dividend of $0.03. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 3.8%.

About Nuveen California Municipal Va

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.