Nuveen California Municipal Va (NYSE:NCA) Trading Up 1.5% – What’s Next?

Nuveen California Municipal Va (NYSE:NCA)’s share price rose 1.5% during mid-day trading on Friday . The company traded as high as $8.72 and last traded at $8.72. Approximately 100,759 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 83,140 shares. The stock had previously closed at $8.59.

Nuveen California Municipal Va Stock Performance

The firm’s 50-day simple moving average is $8.57 and its 200-day simple moving average is $8.53.

Nuveen California Municipal Va Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be issued a dividend of $0.029 per share. The ex-dividend date is Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Trading of Nuveen California Municipal Va

Several institutional investors and hedge funds have recently bought and sold shares of the company. Olde Wealth Management LLC acquired a new position in Nuveen California Municipal Va in the 1st quarter worth approximately $26,000. Comerica Bank bought a new stake in Nuveen California Municipal Va in the 1st quarter valued at about $62,000. PFG Investments LLC bought a new position in Nuveen California Municipal Va in the second quarter worth about $87,000. First Manhattan CO. LLC. purchased a new position in shares of Nuveen California Municipal Va during the 1st quarter valued at $118,000. Finally, Steward Partners Investment Advisory LLC grew its position in Nuveen California Municipal Va by 8.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 16,200 shares of the company’s stock valued at $141,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 21.46% of the company’s stock.

Nuveen California Municipal Va 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.