Shares of Nuveen California Municipal Value Fund (NYSE:NCA - Get Free Report) were up 0.2% during trading on Friday . The company traded as high as $8.44 and last traded at $8.41. Approximately 69,263 shares were traded during trading, a decline of 17% from the average daily volume of 83,237 shares. The stock had previously closed at $8.39.
Nuveen California Municipal Value Fund Stock Performance
The business's 50 day moving average is $8.46 and its 200 day moving average is $8.55.
Nuveen California Municipal Value Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, June 13th. This represents a $0.35 annualized dividend and a dividend yield of 4.13%.
Institutional Investors Weigh In On Nuveen California Municipal Value Fund
Hedge funds and other institutional investors have recently made changes to their positions in the business. Logan Stone Capital LLC purchased a new position in Nuveen California Municipal Value Fund in the fourth quarter valued at approximately $1,442,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Nuveen California Municipal Value Fund in the 4th quarter valued at $1,137,000. Raymond James Financial Inc. purchased a new position in shares of Nuveen California Municipal Value Fund in the 4th quarter valued at $1,107,000. LPL Financial LLC grew its position in shares of Nuveen California Municipal Value Fund by 45.6% in the 1st quarter. LPL Financial LLC now owns 294,124 shares of the company's stock valued at $2,544,000 after buying an additional 92,090 shares during the last quarter. Finally, Sweeney & Michel LLC acquired a new stake in Nuveen California Municipal Value Fund during the 1st quarter worth $637,000. Institutional investors and hedge funds own 21.46% of the company's stock.
Nuveen California Municipal Value Fund Company Profile
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Get Free Report)
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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