Nuveen California Municipal Va (NYSE:NCA) Shares Pass Below Fifty Day Moving Average – What’s Next?

Nuveen California Municipal Va (NYSE:NCA)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.19 and traded as low as $8.97. Nuveen California Municipal Va shares last traded at $9.03, with a volume of 160,732 shares.

Nuveen California Municipal Va Price Performance

The business has a fifty day simple moving average of $9.19 and a 200 day simple moving average of $9.27.

Nuveen California Municipal Va Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Institutional Investors Weigh In On Nuveen California Municipal Va

Several institutional investors have recently modified their holdings of NCA. Comerica Bank acquired a new position in 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 first quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock valued at $1,248,000 after purchasing an additional 6,072 shares during the last quarter. Raymond James Financial Inc. grew its holdings in Nuveen California Municipal Va by 9.0% in the second quarter. Raymond James Financial Inc. now owns 138,046 shares of the company’s stock valued at $1,198,000 after purchasing an additional 11,350 shares during the last quarter. UBS Group AG increased its position in shares of Nuveen California Municipal Va by 12.9% in the third quarter. UBS Group AG now owns 1,291,449 shares of the company’s stock valued at $11,494,000 after buying an additional 147,752 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Nuveen California Municipal Va in the third quarter valued at $33,000. 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.