Nuveen California Municipal Va (NCA) To Go Ex-Dividend on August 14th

Nuveen California Municipal Va (NYSE:NCA) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.03 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, August 14th.

Nuveen California Municipal Va Price Performance

Shares of NYSE NCA opened at $9.04 on Wednesday. Nuveen California Municipal Va has a 52-week low of $8.40 and a 52-week high of $9.80. The business has a 50-day moving average price of $9.23 and a 200 day moving average price of $9.33.

Institutional Investors Weigh In On Nuveen California Municipal Va

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NCA. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Nuveen California Municipal Va by 9.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock valued at $4,311,000 after acquiring an additional 38,762 shares during the period. Bank of America Corp DE grew its position 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 acquiring an additional 58,338 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Nuveen California Municipal Va by 18.1% in the 1st quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock valued at $325,000 after acquiring an additional 5,310 shares during the period. Fifth Third Bancorp acquired a new position in shares of Nuveen California Municipal Va in the 1st quarter valued at $67,000. Finally, Virtu Financial LLC purchased a new stake in Nuveen California Municipal Va in the 4th quarter valued at $140,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Va Company Profile

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.