Nuveen California Municipal Value Fund (NYSE:NCA) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Shares of Nuveen California Municipal Value Fund (NYSE:NCA) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.60 and traded as low as $8.46. Nuveen California Municipal Value Fund shares last traded at $8.48, with a volume of 47,220 shares.

Nuveen California Municipal Value Fund Stock Performance

The stock’s 50-day moving average price is $8.60 and its 200 day moving average price is $8.85.

Nuveen California Municipal Value Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.029 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of Nuveen California Municipal Value Fund

Several large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. raised its position in shares of Nuveen California Municipal Value Fund by 4.0% in the third quarter. Advisors Asset Management Inc. now owns 585,102 shares of the company’s stock worth $5,336,000 after acquiring an additional 22,456 shares during the period. Nwam LLC acquired a new position in shares of Nuveen California Municipal Value Fund during the 3rd quarter worth approximately $191,000. Logan Stone Capital LLC purchased a new stake in Nuveen California Municipal Value Fund in the 2nd quarter valued at $151,000. Sanctuary Advisors LLC acquired a new stake in Nuveen California Municipal Value Fund during the second quarter worth about $119,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of Nuveen California Municipal Value Fund during the 3rd quarter worth approximately $117,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

About Nuveen California Municipal Value Fund

Nuveen California Municipal Value 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. The fund invests primarily in municipal securities rated Baa/BBB or better.