Nuveen California Municipal Value Fund (NYSE:NCA) Stock Price Down 0.3% – What’s Next?

Nuveen California Municipal Value Fund (NYSE:NCA) shares dropped 0.3% during mid-day trading on Tuesday . The company traded as low as $8.68 and last traded at $8.70. Approximately 48,077 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 79,213 shares. The stock had previously closed at $8.73.

Nuveen California Municipal Value Fund Trading Down 0.5 %

The firm has a 50-day moving average price of $8.60 and a 200 day moving average price of $8.75.

Nuveen California Municipal Value Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.029 per share. This represents a $0.35 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen California Municipal Value Fund

Hedge funds have recently made changes to their positions in the business. Elequin Capital LP bought a new position in Nuveen California Municipal Value Fund during the 4th quarter worth approximately $39,000. Investor s Fiduciary Advisor Network LLC bought a new position in shares of Nuveen California Municipal Value Fund in the fourth quarter worth approximately $85,000. Jones Financial Companies Lllp grew its holdings in shares of Nuveen California Municipal Value Fund by 27.9% in the fourth quarter. Jones Financial Companies Lllp now owns 17,855 shares of the company’s stock worth $151,000 after purchasing an additional 3,898 shares during the last quarter. DKM Wealth Management Inc. purchased a new position in shares of Nuveen California Municipal Value Fund in the fourth quarter worth $152,000. Finally, Mutual Advisors LLC raised its holdings in Nuveen California Municipal Value Fund by 12.6% during the 4th quarter. Mutual Advisors LLC now owns 18,752 shares of the company’s stock valued at $158,000 after buying an additional 2,096 shares during the last quarter. 21.46% of the stock is currently owned by institutional investors.

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.