Nuveen California Municipal Value Fund (NYSE:NCA) Stock Price Down 0.3% – Here’s Why

Nuveen California Municipal Value Fund (NYSE:NCA)’s share price fell 0.3% during mid-day trading on Tuesday . The stock traded as low as $8.68 and last traded at $8.70. 48,077 shares traded hands during trading, a decline of 39% from the average session volume of 79,213 shares. The stock had previously closed at $8.73.

Nuveen California Municipal Value Fund Price Performance

The business has a 50-day moving average of $8.60 and a 200 day moving average of $8.75.

Nuveen California Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.029 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.35 annualized dividend and a dividend yield of 4.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Cetera Investment Advisers grew its position in Nuveen California Municipal Value Fund by 5.2% in the 4th quarter. Cetera Investment Advisers now owns 36,566 shares of the company’s stock worth $309,000 after purchasing an additional 1,802 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of Nuveen California Municipal Value Fund by 12.6% in the fourth quarter. Mutual Advisors LLC now owns 18,752 shares of the company’s stock valued at $158,000 after acquiring an additional 2,096 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Nuveen California Municipal Value Fund by 14.3% in the fourth quarter. HighTower Advisors LLC now owns 20,000 shares of the company’s stock valued at $169,000 after acquiring an additional 2,500 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Nuveen California Municipal Value Fund by 17.4% during the fourth quarter. Wedbush Securities Inc. now owns 25,764 shares of the company’s stock valued at $218,000 after acquiring an additional 3,810 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Nuveen California Municipal Value Fund by 27.9% during the fourth quarter. Jones Financial Companies Lllp now owns 17,855 shares of the company’s stock worth $151,000 after acquiring an additional 3,898 shares during the period. 21.46% of the stock is owned by institutional investors.

Nuveen California Municipal Value Fund 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.