Robinson Capital Management LLC cut its stake in Nuveen California Quality Muncpl IncmFnd (NYSE:NAC) by 51.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,677 shares of the company’s stock after selling 194,500 shares during the period. Robinson Capital Management LLC’s holdings in Nuveen California Quality Muncpl IncmFnd were worth $2,735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NAC. Steward Partners Investment Advisory LLC purchased a new stake in Nuveen California Quality Muncpl IncmFnd in the third quarter valued at $35,000. Coastal Investment Advisors Inc. acquired a new position in shares of Nuveen California Quality Muncpl IncmFnd during the third quarter worth about $51,000. CWM LLC increased its stake in shares of Nuveen California Quality Muncpl IncmFnd by 34.7% during the fourth quarter. CWM LLC now owns 5,617 shares of the company’s stock worth $84,000 after acquiring an additional 1,448 shares during the period. Bartlett & Co. LLC acquired a new position in shares of Nuveen California Quality Muncpl IncmFnd during the third quarter worth about $125,000. Finally, Creative Planning acquired a new position in shares of Nuveen California Quality Muncpl IncmFnd during the fourth quarter worth about $167,000.

Shares of Nuveen California Quality Muncpl IncmFnd stock traded down $0.07 on Friday, reaching $15.34. 177,610 shares of the stock were exchanged, compared to its average volume of 173,207. Nuveen California Quality Muncpl IncmFnd has a 1-year low of $13.23 and a 1-year high of $15.54. The business has a fifty day moving average price of $15.14 and a two-hundred day moving average price of $14.97.

The company also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.07%.

Nuveen California Quality Muncpl IncmFnd Company Profile

Nuveen California Quality Municipal Income 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, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes.

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Institutional Ownership by Quarter for Nuveen California Quality Muncpl IncmFnd (NYSE:NAC)

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