Nuveen California Municipal Va to Issue Monthly Dividend of $0.03 (NYSE:NCA)

Key Points

• Nuveen California Municipal Va has declared a monthly dividend of $0.03 per share, payable on October 1st to shareholders of record as of September 15th, representing an annualized yield of 4.1%.
• Recent trading data shows that NCA stock is valued at $8.54, with a 52-week range from $8.22 to $9.23, reflecting minimal movement in trading volume compared to its average.
• A significant portion, approximately 21.46%, of Nuveen California Municipal Va's shares is held by institutional investors, indicating robust investor interest and confidence.

Nuveen California Municipal Va (NYSE:NCA - Get Free Report) declared a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.029 per share on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, September 15th.

Nuveen California Municipal Va Stock Performance

NCA stock traded down $0.01 during trading on Wednesday, hitting $8.54. The company had a trading volume of 72,668 shares, compared to its average volume of 79,132. The business has a 50 day moving average of $8.54 and a 200 day moving average of $8.52. Nuveen California Municipal Va has a fifty-two week low of $8.22 and a fifty-two week high of $9.23.

Institutional Investors Weigh In On Nuveen California Municipal Va

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Logan Stone Capital LLC purchased a new stake in shares of Nuveen California Municipal Va in the 4th quarter valued at approximately $1,442,000. LPL Financial LLC boosted its stake in Nuveen California Municipal Va by 45.6% in 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 during the period. Sweeney & Michel LLC purchased a new stake in shares of Nuveen California Municipal Va in the first quarter valued at $637,000. Atlas Private Wealth Advisors lifted its holdings in shares of Nuveen California Municipal Va by 208.5% in the second quarter. Atlas Private Wealth Advisors now owns 100,988 shares of the company's stock valued at $877,000 after purchasing an additional 68,256 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of Nuveen California Municipal Va by 10.4% in the second quarter. Guggenheim Capital LLC now owns 711,069 shares of the company's stock valued at $6,172,000 after purchasing an additional 67,225 shares in the last quarter. Institutional investors and hedge funds 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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