Nuveen California Municipal Va (NYSE:NCA) Stock Crosses Below 50 Day Moving Average – What’s Next?

Nuveen California Municipal Va (NYSE:NCA) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $9.21 and traded as low as $9.15. Nuveen California Municipal Va shares last traded at $9.1590, with a volume of 40,765 shares trading hands.

Nuveen California Municipal Va Stock Performance

The business has a fifty day moving average of $9.21 and a 200 day moving average of $9.32.

Nuveen California Municipal Va Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th will be given a dividend of $0.03 per share. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Investors Weigh In On Nuveen California Municipal Va

Several institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG boosted its stake in shares of Nuveen California Municipal Va by 38.8% during the 4th quarter. UBS Group AG now owns 1,792,954 shares of the company’s stock valued at $16,047,000 after purchasing an additional 501,505 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Nuveen California Municipal Va by 40.0% in the fourth quarter. Advisors Asset Management Inc. now owns 1,070,770 shares of the company’s stock worth $9,583,000 after buying an additional 306,174 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen California Municipal Va by 9.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock worth $4,311,000 after buying an additional 38,762 shares in the last quarter. Bank of America Corp DE lifted its holdings in Nuveen California Municipal Va by 55.3% in the first quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock worth $1,538,000 after buying an additional 58,338 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Nuveen California Municipal Va by 4.4% in the first quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock worth $1,248,000 after buying an additional 6,072 shares during the period. 21.46% of the stock is owned by hedge funds and other institutional investors.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.