Nuveen California Municipal Va to Issue Monthly Dividend of $0.03 (NYSE:NCA)

Nuveen California Municipal Va (NYSE:NCA) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.03 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, May 15th.

Nuveen California Municipal Va Stock Down 0.4%

NYSE:NCA traded down $0.04 during trading hours on Wednesday, hitting $9.63. The company had a trading volume of 11,353 shares, compared to its average volume of 68,654. The company has a 50-day moving average of $9.33 and a 200 day moving average of $9.23. Nuveen California Municipal Va has a 1 year low of $8.33 and a 1 year high of $9.80.

Institutional Trading of Nuveen California Municipal Va

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Comerica Bank acquired a new stake in shares of Nuveen California Municipal Va during the first quarter worth $62,000. Royal Bank of Canada grew its holdings in Nuveen California Municipal Va by 4.4% in the 1st quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock valued at $1,248,000 after buying an additional 6,072 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Nuveen California Municipal Va by 9.0% during the 2nd quarter. Raymond James Financial Inc. now owns 138,046 shares of the company’s stock worth $1,198,000 after acquiring an additional 11,350 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Nuveen California Municipal Va by 41.7% in the third quarter. Jones Financial Companies Lllp now owns 63,962 shares of the company’s stock worth $558,000 after acquiring an additional 18,831 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its position in Nuveen California Municipal Va by 16.0% during the third quarter. Advisors Asset Management Inc. now owns 764,596 shares of the company’s stock worth $6,805,000 after purchasing an additional 105,670 shares during the last quarter. 21.46% of the stock is owned by hedge funds and other institutional investors.

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.