Wolverine Asset Management LLC Increases Holdings in Nuveen California Municipal Va (NYSE:NCA)

Key Points

• Wolverine Asset Management LLC increased its stake in Nuveen California Municipal Va by 76.9%, acquiring an additional 61,945 shares and owning a total of 142,542 shares.
• The company has a monthly dividend of $0.029 per share, which translates to an annualized yield of 4.0%, with the next payment scheduled for September 2nd.
• Institutional investors collectively own 21.46% of Nuveen California Municipal Va, with various firms like 1607 Capital Partners LLC and LPL Financial LLC also increasing their holdings recently.

Wolverine Asset Management LLC grew its position in Nuveen California Municipal Va (NYSE:NCA - Free Report) by 76.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,542 shares of the company's stock after buying an additional 61,945 shares during the quarter. Wolverine Asset Management LLC owned 0.43% of Nuveen California Municipal Va worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its stake in Nuveen California Municipal Va by 45.6% during the 1st quarter. LPL Financial LLC now owns 294,124 shares of the company's stock worth $2,544,000 after purchasing an additional 92,090 shares in the last quarter. Cetera Investment Advisers grew its stake in Nuveen California Municipal Va by 5.4% during the 1st quarter. Cetera Investment Advisers now owns 38,530 shares of the company's stock worth $333,000 after purchasing an additional 1,964 shares in the last quarter. Wedbush Securities Inc. grew its stake in Nuveen California Municipal Va by 4.7% during the 1st quarter. Wedbush Securities Inc. now owns 26,964 shares of the company's stock worth $233,000 after purchasing an additional 1,200 shares in the last quarter. Olde Wealth Management LLC acquired a new position in Nuveen California Municipal Va during the 1st quarter worth $26,000. Finally, Mutual Advisors LLC grew its stake in Nuveen California Municipal Va by 48.5% during the 1st quarter. Mutual Advisors LLC now owns 27,850 shares of the company's stock worth $233,000 after purchasing an additional 9,098 shares in the last quarter. 21.46% of the stock is owned by institutional investors and hedge funds.

Nuveen California Municipal Va Trading Down 0.3%

NCA traded down $0.03 on Thursday, hitting $8.60. 65,671 shares of the company were exchanged, compared to its average volume of 60,268. Nuveen California Municipal Va has a twelve month low of $8.22 and a twelve month high of $9.23. The firm has a 50-day moving average price of $8.53 and a two-hundred day moving average price of $8.53.

Nuveen California Municipal Va Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be issued a dividend of $0.029 per share. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 15th.

Nuveen California Municipal Va 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.