Nuveen California Municipal Value Fund (NYSE:NCA) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Nuveen California Municipal Value Fund (NYSE:NCA)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.60 and traded as low as $8.46. Nuveen California Municipal Value Fund shares last traded at $8.48, with a volume of 47,220 shares.

Nuveen California Municipal Value Fund Stock Up 0.3 %

The business has a fifty day moving average price of $8.60 and a two-hundred day moving average price of $8.85.

Nuveen California Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.029 per share. This represents a $0.35 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. bought a new stake in Nuveen California Municipal Value Fund in the second quarter valued at about $63,000. James Investment Research Inc. acquired a new stake in shares of Nuveen California Municipal Value Fund in the 3rd quarter valued at $93,000. Watts Gwilliam & Co. LLC bought a new stake in Nuveen California Municipal Value Fund during the 3rd quarter worth about $98,000. Farther Finance Advisors LLC acquired a new position in Nuveen California Municipal Value Fund in the third quarter valued at approximately $117,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Nuveen California Municipal Value Fund in the 2nd quarter valued at $119,000. Institutional investors own 21.46% of the company’s stock.

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.