Nuveen California Municipal Va (NYSE:NCA) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Shares of Nuveen California Municipal Va (NYSE:NCA) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.34 and traded as low as $9.31. Nuveen California Municipal Va shares last traded at $9.37, with a volume of 88,461 shares traded.

Nuveen California Municipal Va Trading Down 0.5%

The firm has a 50-day moving average price of $9.34 and a two-hundred day moving average price of $9.25.

Nuveen California Municipal Va Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be given a dividend of $0.03 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC boosted its position in shares of Nuveen California Municipal Va by 4.2% during the fourth quarter. HighTower Advisors LLC now owns 27,511 shares of the company’s stock worth $246,000 after buying an additional 1,111 shares during the period. D.A. Davidson & CO. boosted its position in Nuveen California Municipal Va by 6.0% during the fourth quarter. D.A. Davidson & CO. now owns 29,347 shares of the company’s stock valued at $263,000 after purchasing an additional 1,650 shares during the last quarter. Wedbush Securities Inc. boosted its position in Nuveen California Municipal Va by 5.9% during the fourth quarter. Wedbush Securities Inc. now owns 35,764 shares of the company’s stock valued at $320,000 after purchasing an additional 2,000 shares during the last quarter. Ieq Capital LLC boosted its position in Nuveen California Municipal Va by 19.0% during the fourth quarter. Ieq Capital LLC now owns 15,000 shares of the company’s stock valued at $134,000 after purchasing an additional 2,390 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in Nuveen California Municipal Va by 2.3% during the third quarter. Raymond James Financial Inc. now owns 141,178 shares of the company’s stock valued at $1,256,000 after purchasing an additional 3,132 shares during the last quarter. 21.46% of the stock is owned by institutional investors and hedge funds.

About Nuveen California Municipal Va

Nuveen California Municipal Value Fund, Inc (NYSE: NCA) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal and California state income taxes. The fund pursues its objective by investing substantially all of its assets in a diversified portfolio of municipal securities issued by entities located in or having projects based in California. Its holdings primarily include revenue and general obligation bonds, with an emphasis on investment-grade and select high-yield issues.

The portfolio management team employs a disciplined credit analysis process to assess the financial strength, revenue streams and underlying collateral of each issuer.