Nuveen California Quality Municipal Income Fund (NYSE:NAC) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Nuveen California Quality Municipal Income Fund (NYSE:NAC) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.29 and traded as low as $10.35. Nuveen California Quality Municipal Income Fund shares last traded at $10.52, with a volume of 652,282 shares traded.

Nuveen California Quality Municipal Income Fund Stock Down 0.4 %

The company has a fifty day moving average price of $11.29 and a two-hundred day moving average price of $11.42.

Nuveen California Quality Municipal Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0735 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.88 annualized dividend and a dividend yield of 8.38%.

Institutional Trading of Nuveen California Quality Municipal Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Intellectus Partners LLC acquired a new position in Nuveen California Quality Municipal Income Fund in the fourth quarter worth approximately $152,000. Perigon Wealth Management LLC grew its holdings in shares of Nuveen California Quality Municipal Income Fund by 9.2% in the 4th quarter. Perigon Wealth Management LLC now owns 16,568 shares of the company’s stock worth $185,000 after acquiring an additional 1,400 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Nuveen California Quality Municipal Income Fund by 15.4% during the third quarter. EP Wealth Advisors LLC now owns 17,552 shares of the company’s stock worth $209,000 after purchasing an additional 2,344 shares during the period. Nomura Holdings Inc. purchased a new stake in shares of Nuveen California Quality Municipal Income Fund during the fourth quarter valued at $226,000. Finally, XTX Topco Ltd boosted its position in shares of Nuveen California Quality Municipal Income Fund by 142.8% in the 3rd quarter. XTX Topco Ltd now owns 30,451 shares of the company’s stock valued at $362,000 after purchasing an additional 17,911 shares during the period.

About Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.