Nuveen California Municipal Value Fund (NYSE:NCA - Get Free Report) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Investors of record on Monday, April 15th will be paid a dividend of 0.029 per share on Wednesday, May 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, April 12th.
Nuveen California Municipal Value Fund Price Performance
Shares of NYSE:NCA remained flat at $8.95 during mid-day trading on Wednesday. 74,706 shares of the company were exchanged, compared to its average volume of 56,861. The stock has a fifty day moving average of $8.90 and a 200 day moving average of $8.62. Nuveen California Municipal Value Fund has a 1-year low of $7.77 and a 1-year high of $9.12.
Institutional Trading of Nuveen California Municipal Value Fund
A number of large investors have recently bought and sold shares of NCA. US Bancorp DE raised its stake in Nuveen California Municipal Value Fund by 5,173.4% in the fourth quarter. US Bancorp DE now owns 26,367 shares of the company's stock valued at $236,000 after purchasing an additional 25,867 shares in the last quarter. Nomura Holdings Inc. acquired a new position in shares of Nuveen California Municipal Value Fund in the fourth quarter valued at approximately $203,000. Bank of Montreal Can acquired a new position in shares of Nuveen California Municipal Value Fund in the first quarter valued at approximately $180,000. Susquehanna International Group LLP acquired a new stake in Nuveen California Municipal Value Fund during the 1st quarter valued at approximately $173,000. Finally, MGO One Seven LLC acquired a new stake in Nuveen California Municipal Value Fund during the 4th quarter valued at approximately $162,000. 21.46% of the stock is owned by institutional investors.
Nuveen California Municipal Value Fund Company Profile
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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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