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

Nuveen California Municipal Va (NYSE:NCA) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.03 per share on Tuesday, December 1st. This represents a $0.36 annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, November 13th.

Nuveen California Municipal Va Stock Down 0.8%

NCA opened at $8.43 on Tuesday. Nuveen California Municipal Va has a 52 week low of $8.12 and a 52 week high of $9.80. The business’s 50 day moving average is $8.58 and its two-hundred day moving average is $9.13.

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of hedge funds and other institutional investors have recently made changes to their positions in NCA. Fifth Third Bancorp purchased a new stake in shares of Nuveen California Municipal Va during the first quarter worth approximately $67,000. Plancorp LLC acquired a new stake in shares of Nuveen California Municipal Va during the third quarter worth $95,000. Investor s Fiduciary Advisor Network LLC purchased a new position in Nuveen California Municipal Va in the 2nd quarter valued at $122,000. Readystate Asset Management LP purchased a new position in Nuveen California Municipal Va in the 2nd quarter valued at $169,000. Finally, D.A. Davidson & CO. increased its stake in 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 buying an additional 5,310 shares during the period. 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 (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.