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

Nuveen California Municipal Va (NYSE:NCA) declared a monthly dividend on Monday, November 2nd. Investors 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 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, November 13th.

Nuveen California Municipal Va Trading Down 0.8%

NCA stock opened at $8.43 on Tuesday. The firm has a 50-day moving average of $8.58 and a two-hundred day moving average of $9.13. Nuveen California Municipal Va has a 12 month low of $8.12 and a 12 month high of $9.80.

Hedge Funds Weigh In On Nuveen California Municipal Va

A number of institutional investors have recently added to or reduced their stakes in NCA. Wedbush Securities Inc. acquired a new position in Nuveen California Municipal Va during the third quarter worth $524,000. Bank of America Corp DE increased its stake in shares of Nuveen California Municipal Va by 55.3% in the 1st 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. Hennion & Walsh Asset Management Inc. increased its stake in shares of Nuveen California Municipal Va by 9.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock worth $4,311,000 after acquiring an additional 38,762 shares during the last quarter. Readystate Asset Management LP purchased a new position in shares of Nuveen California Municipal Va during the 2nd quarter worth $169,000. Finally, Investor s Fiduciary Advisor Network LLC purchased a new position in shares of Nuveen California Municipal Va during the 2nd quarter worth $122,000. 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 (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.