Hollencrest Capital Management Decreases Position in Nuveen California Quality Muncpl IncmFnd (NYSE:NAC)

Hollencrest Capital Management lessened its holdings in shares of Nuveen California Quality Muncpl IncmFnd (NYSE:NAC) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,003 shares of the company’s stock after selling 1,193 shares during the period. Hollencrest Capital Management’s holdings in Nuveen California Quality Muncpl IncmFnd were worth $780,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. RB Capital Management LLC raised its stake in Nuveen California Quality Muncpl IncmFnd by 48.6% in the 2nd quarter. RB Capital Management LLC now owns 71,792 shares of the company’s stock worth $1,040,000 after acquiring an additional 23,487 shares during the last quarter. Wetherby Asset Management Inc. purchased a new position in Nuveen California Quality Muncpl IncmFnd in the 2nd quarter worth $420,000. Cetera Investment Advisers raised its stake in Nuveen California Quality Muncpl IncmFnd by 14.9% in the 2nd quarter. Cetera Investment Advisers now owns 31,515 shares of the company’s stock worth $457,000 after acquiring an additional 4,079 shares during the last quarter. Pacific Wealth Strategies Group Inc. grew its position in Nuveen California Quality Muncpl IncmFnd by 1.1% during the 2nd quarter. Pacific Wealth Strategies Group Inc. now owns 480,560 shares of the company’s stock worth $6,959,000 after purchasing an additional 5,091 shares during the period. Finally, Royal Bank of Canada grew its position in Nuveen California Quality Muncpl IncmFnd by 4.6% during the 2nd quarter. Royal Bank of Canada now owns 319,382 shares of the company’s stock worth $4,624,000 after purchasing an additional 13,978 shares during the period.

NAC traded up $0.04 during midday trading on Thursday, hitting $14.85. 1,900 shares of the company were exchanged, compared to its average volume of 254,315. The company’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $14.54. Nuveen California Quality Muncpl IncmFnd has a 1-year low of $12.30 and a 1-year high of $15.49.

The business also recently declared a monthly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were given a dividend of $0.052 per share. This represents a $0.62 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Thursday, September 12th.

Nuveen California Quality Muncpl IncmFnd 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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