Wolverine Asset Management LLC Increases Position 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 boosted its position in shares of Nuveen California Municipal Va (NYSE:NCA - Free Report) by 76.9% in the 1st quarter, according to the company in its most recent 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 period. Wolverine Asset Management LLC owned 0.43% of Nuveen California Municipal Va worth $1,233,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NCA. Wedbush Securities Inc. boosted its holdings in shares of 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 during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Nuveen California Municipal Va by 5.2% during the 4th quarter. Cetera Investment Advisers now owns 36,566 shares of the company's stock worth $309,000 after purchasing an additional 1,802 shares during the last quarter. Olde Wealth Management LLC acquired a new position in Nuveen California Municipal Va in the first quarter valued at approximately $26,000. Elequin Capital LP acquired a new position in Nuveen California Municipal Va in the fourth quarter valued at approximately $39,000. Finally, Mutual Advisors LLC lifted its holdings in Nuveen California Municipal Va by 48.5% in the first quarter. Mutual Advisors LLC now owns 27,850 shares of the company's stock valued at $233,000 after acquiring an additional 9,098 shares during the last quarter. 21.46% of the stock is currently owned by hedge funds and other institutional investors.

Nuveen California Municipal Va Trading Down 0.3%

NCA traded down $0.03 during trading hours on Wednesday, reaching $8.61. The company's stock had a trading volume of 15,787 shares, compared to its average volume of 79,501. Nuveen California Municipal Va has a fifty-two week low of $8.22 and a fifty-two week high of $9.23. The business's 50-day moving average is $8.52 and its 200-day moving average is $8.53.

Nuveen California Municipal Va Dividend Announcement

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

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.