Nuveen California Municipal Value Fund (NYSE:NCA) Shares Up 0.2%

Nuveen California Municipal Value Fund (NYSE:NCA)’s stock price rose 0.2% on Wednesday . The stock traded as high as $8.79 and last traded at $8.75. Approximately 40,200 shares were traded during mid-day trading, a decline of 28% from the average daily volume of 55,653 shares. The stock had previously closed at $8.73.

Nuveen California Municipal Value Fund Trading Down 0.5 %

The stock’s fifty day moving average is $8.84 and its two-hundred day moving average is $8.67.

Nuveen California Municipal Value Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.029 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.35 dividend on an annualized basis and a dividend yield of 4.02%.

Hedge Funds Weigh In On Nuveen California Municipal Value Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of NCA. Raymond James & Associates boosted its position in Nuveen California Municipal Value Fund by 108.4% during the third quarter. Raymond James & Associates now owns 39,413 shares of the company’s stock worth $324,000 after purchasing an additional 20,500 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Nuveen California Municipal Value Fund by 28.1% during the third quarter. Stratos Wealth Partners LTD. now owns 23,855 shares of the company’s stock worth $196,000 after acquiring an additional 5,226 shares during the period. Hennion & Walsh Asset Management Inc. grew its position in shares of Nuveen California Municipal Value Fund by 15.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 343,363 shares of the company’s stock valued at $2,819,000 after purchasing an additional 45,292 shares during the last quarter. Ieq Capital LLC increased its stake in shares of Nuveen California Municipal Value Fund by 50.0% during the third quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock worth $123,000 after purchasing an additional 5,000 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in Nuveen California Municipal Value Fund by 22.9% during the 3rd quarter. D.A. Davidson & CO. now owns 37,916 shares of the company’s stock worth $311,000 after purchasing an additional 7,057 shares during the last quarter. 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.