Nuveen California Municipal Value Fund 2 (NYSE:NCB) Trading 1.2% Higher

Shares of Nuveen California Municipal Value Fund 2 (NYSE:NCB) traded up 1.2% on Tuesday . The stock traded as high as $16.01 and last traded at $16.01, 300 shares changed hands during trading. A decline of 92% from the average session volume of 3,829 shares. The stock had previously closed at $15.82.

The firm has a fifty day moving average of $16.33 and a two-hundred day moving average of $16.35.

The business also recently declared a monthly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a $0.043 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.52 dividend on an annualized basis and a yield of 3.21%.

A number of hedge funds have recently made changes to their positions in NCB. James Investment Research Inc. boosted its stake in shares of Nuveen California Municipal Value Fund 2 by 211.1% during the second quarter. James Investment Research Inc. now owns 2,800 shares of the company’s stock valued at $45,000 after purchasing an additional 1,900 shares during the period. Bank of America Corp DE increased its position in shares of Nuveen California Municipal Value Fund 2 by 13.4% in the second quarter. Bank of America Corp DE now owns 33,442 shares of the company’s stock valued at $541,000 after acquiring an additional 3,955 shares during the period. Morgan Stanley increased its position in shares of Nuveen California Municipal Value Fund 2 by 1.9% in the second quarter. Morgan Stanley now owns 61,698 shares of the company’s stock valued at $999,000 after acquiring an additional 1,158 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Nuveen California Municipal Value Fund 2 by 580.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,800 shares of the company’s stock worth $110,000 after purchasing an additional 5,800 shares during the period.

Nuveen California Municipal Value Fund 2 Company Profile (NYSE:NCB)

Nuveen California Municipal Value Fund 2 is a close-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 fixed income markets of California. The fund primarily invests its assets in municipal securities.

Further Reading: Balance Sheet

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