Shares of Nuveen California Municipal Value Fund (NYSE:NCA - Get Free Report) rose 0.2% during mid-day trading on Friday . The company traded as high as $8.44 and last traded at $8.41. Approximately 69,263 shares traded hands 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 company has a 50 day moving average price of $8.47 and a 200 day moving average price of $8.55.
Nuveen California Municipal Value Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.029 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.35 dividend on an annualized basis and a yield of 4.13%.
Institutional Trading of Nuveen California Municipal Value Fund
Several large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its stake in shares of Nuveen California Municipal Value Fund by 9.9% during the 1st quarter. Advisors Asset Management Inc. now owns 638,123 shares of the company's stock worth $5,520,000 after buying an additional 57,664 shares during the last quarter. 1607 Capital Partners LLC raised its position in Nuveen California Municipal Value Fund by 4.0% during the first quarter. 1607 Capital Partners LLC now owns 379,495 shares of the company's stock worth $3,283,000 after acquiring an additional 14,524 shares during the last quarter. First Manhattan CO. LLC. purchased a new stake in shares of Nuveen California Municipal Value Fund in the first quarter valued at about $118,000. Royal Bank of Canada grew its position in shares of Nuveen California Municipal Value Fund by 4.4% in the first quarter. Royal Bank of Canada now owns 144,263 shares of the company's stock valued at $1,248,000 after purchasing an additional 6,072 shares during the last quarter. Finally, Landscape Capital Management L.L.C. increased its stake in shares of Nuveen California Municipal Value Fund by 78.8% during the 1st quarter. Landscape Capital Management L.L.C. now owns 42,914 shares of the company's stock worth $371,000 after purchasing an additional 18,915 shares in the last quarter. Institutional investors and hedge funds own 21.46% of the company's stock.
Nuveen California Municipal Value Fund Company Profile
(
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.
Featured Stories
Before you consider Nuveen California Municipal Value Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Nuveen California Municipal Value Fund wasn't on the list.
While Nuveen California Municipal Value Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
