Nuveen California Quality Municipal Income Fund (NYSE:NAC) Share Price Crosses Below Fifty Day Moving Average of $10.98

Shares of Nuveen California Quality Municipal Income Fund (NYSE:NAC) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.98 and traded as low as $10.67. Nuveen California Quality Municipal Income Fund shares last traded at $10.78, with a volume of 337,843 shares trading hands.

Nuveen California Quality Municipal Income Fund Stock Up 1.0 %

The business has a 50 day moving average price of $10.98 and a 200-day moving average price of $10.62.

Nuveen California Quality Municipal Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.049 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 5.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NAC. Raymond James & Associates boosted its holdings in Nuveen California Quality Municipal Income Fund by 24.4% in the first quarter. Raymond James & Associates now owns 126,055 shares of the company’s stock valued at $1,654,000 after purchasing an additional 24,713 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Nuveen California Quality Municipal Income Fund by 6.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 42,537 shares of the company’s stock valued at $558,000 after purchasing an additional 2,399 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Nuveen California Quality Municipal Income Fund by 159.4% in the first quarter. Allianz Asset Management GmbH now owns 401,979 shares of the company’s stock valued at $5,274,000 after purchasing an additional 247,000 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in Nuveen California Quality Municipal Income Fund in the first quarter valued at about $538,000. Finally, Wetherby Asset Management Inc. boosted its holdings in Nuveen California Quality Municipal Income Fund by 14.7% in the first quarter. Wetherby Asset Management Inc. now owns 38,652 shares of the company’s stock valued at $507,000 after purchasing an additional 4,966 shares during the last quarter.

Nuveen California Quality Municipal Income Fund 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.