Advisors Asset Management Inc. Acquires 57,664 Shares of Nuveen California Municipal Va $NCA

Key Points

• Advisors Asset Management Inc. increased its stake in Nuveen California Municipal Va by 9.9%, acquiring 57,664 additional shares during the first quarter, now holding approximately 1.93% of the company.
• The fund announced a monthly dividend of $0.029 per share, representing an annualized yield of 4.1%, with an ex-dividend date set for September 15th.
• Nuveen California Municipal Va shares opened at $8.52, with a 1-year price range between $8.22 and $9.23, reflecting stable performance over the last year.

Advisors Asset Management Inc. increased its position in shares of Nuveen California Municipal Va (NYSE:NCA - Free Report) by 9.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 638,123 shares of the company's stock after acquiring an additional 57,664 shares during the quarter. Advisors Asset Management Inc. owned about 1.93% of Nuveen California Municipal Va worth $5,520,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in NCA. 1607 Capital Partners LLC raised its position in shares of Nuveen California Municipal Va by 4.0% during the first quarter. 1607 Capital Partners LLC now owns 379,495 shares of the company's stock worth $3,283,000 after purchasing an additional 14,524 shares during the period. First Manhattan CO. LLC. bought a new position in Nuveen California Municipal Va in the first quarter valued at approximately $118,000. Royal Bank of Canada grew its stake 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 valued at $1,248,000 after purchasing an additional 6,072 shares in the last quarter. Landscape Capital Management L.L.C. grew its stake in Nuveen California Municipal Va by 78.8% in the first quarter. Landscape Capital Management L.L.C. now owns 42,914 shares of the company's stock valued at $371,000 after purchasing an additional 18,915 shares in the last quarter. Finally, Comerica Bank bought a new position in Nuveen California Municipal Va in the first quarter valued at approximately $62,000. Institutional investors and hedge funds own 21.46% of the company's stock.

Nuveen California Municipal Va Stock Up 0.3%

NCA stock traded up $0.03 during mid-day trading on Tuesday, reaching $8.64. The company had a trading volume of 91,197 shares, compared to its average volume of 79,289. The stock has a 50 day simple moving average of $8.54 and a two-hundred day simple moving average of $8.52. Nuveen California Municipal Va has a 52 week low of $8.22 and a 52 week high of $9.23.

Nuveen California Municipal Va Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be paid a dividend of $0.029 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, September 15th.

Nuveen California Municipal Va Company Profile

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.