Nuveen California Municipal Va (NYSE:NCA) Shares Up 1.5% - Time to Buy?

Key Points

• Nuveen California Municipal Va (NYSE:NCA) shares increased by 1.5%, closing at $8.72 with a traded volume of approximately 100,759 shares, surpassing its average daily volume.
• The fund announced a monthly dividend of $0.029, resulting in an annualized yield of 4.0%, set to be paid on October 1st to stockholders of record by September 15th.
• Institutional investors have increased their stakes in Nuveen California Municipal Va, with ownership now totaling 21.46% of the company's stock, indicating growing confidence from large investors.

Nuveen California Municipal Va (NYSE:NCA - ) rose 1.5% during trading on Friday . The stock traded as high as $8.72 and last traded at $8.72. Approximately 100,759 shares were traded during trading, an increase of 21% from the average daily volume of 83,140 shares. The stock had previously closed at $8.59.

Nuveen California Municipal Va Trading Up 1.5%

The company has a 50-day moving average of $8.57 and a 200-day moving average of $8.53.

Nuveen California Municipal Va Announces Dividend

The company 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 $0.029 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, September 15th.

Institutional Trading of Nuveen California Municipal Va

Large investors have recently modified their holdings of the company. Wedbush Securities Inc. lifted its stake in shares of Nuveen California Municipal Va by 4.7% in the 1st quarter. Wedbush Securities Inc. now owns 26,964 shares of the company's stock worth $233,000 after acquiring an additional 1,200 shares during the period. Steward Partners Investment Advisory LLC grew its position in Nuveen California Municipal Va by 8.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the company's stock worth $141,000 after acquiring an additional 1,200 shares in 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 buying an additional 1,802 shares during the period. Olde Wealth Management LLC acquired a new position in Nuveen California Municipal Va during the 1st quarter valued at $26,000. Finally, HighTower Advisors LLC raised its stake in Nuveen California Municipal Va by 20.0% during the 1st quarter. HighTower Advisors LLC now owns 24,000 shares of the company's stock valued at $208,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors own 21.46% of the company's stock.

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.

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