Wedbush Securities Inc. Makes New $524,000 Investment in Nuveen California Municipal Va $NCA

Wedbush Securities Inc. acquired a new position in shares of Nuveen California Municipal Va (NYSE:NCA) during the 3rd quarter, Holdings Channel reports. The fund acquired 61,754 shares of the company’s stock, valued at approximately $524,000.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in shares of Nuveen California Municipal Va in the first quarter valued at $67,000. Investor s Fiduciary Advisor Network LLC acquired a new position in Nuveen California Municipal Va in the second quarter valued at $122,000. Readystate Asset Management LP purchased a new position in Nuveen California Municipal Va during the second quarter worth about $169,000. D.A. Davidson & CO. lifted its position in Nuveen California Municipal Va by 18.1% during the first quarter. D.A. Davidson & CO. now owns 34,657 shares of the company’s stock worth $325,000 after buying an additional 5,310 shares during the period. Finally, Sweeney & Michel LLC lifted its position in Nuveen California Municipal Va by 2.9% during the third quarter. Sweeney & Michel LLC now owns 66,606 shares of the company’s stock worth $567,000 after buying an additional 1,902 shares during the period. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va Price Performance

Shares of NYSE:NCA opened at $8.39 on Wednesday. The stock’s 50-day moving average price is $8.63 and its two-hundred day moving average price is $9.15. Nuveen California Municipal Va has a 12-month low of $8.12 and a 12-month high of $9.80.

Nuveen California Municipal Va Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Thursday, October 15th.

Nuveen California Municipal Va Profile

Nuveen California Municipal Value Fund (NYSE: NCA) is a closed-end investment company managed by Nuveen, a global asset manager. The fund seeks to provide current income that is exempt from regular federal income tax and California state income tax, while also pursuing the potential for capital appreciation.

The fund invests primarily in municipal securities issued by the state of California and its municipalities, public agencies and other governmental entities. Its portfolio may include bonds financing public infrastructure and essential services such as transportation, utilities, education, health care and housing.

Because it is a closed-end fund, NCA issues a fixed number of exchange-listed shares that trade on the New York Stock Exchange.