Nuveen California Municipal Value Fund (NYSE:NCA) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen California Municipal Value Fund (NYSE:NCA) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.89 and traded as low as $8.57. Nuveen California Municipal Value Fund shares last traded at $8.59, with a volume of 194,170 shares.

Nuveen California Municipal Value Fund Trading Down 0.6 %

The stock has a 50-day simple moving average of $8.89 and a two-hundred day simple moving average of $8.89.

Nuveen California Municipal Value Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.029 per share. This represents a $0.35 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, December 13th.

Institutional Investors Weigh In On Nuveen California Municipal Value Fund

Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Nuveen California Municipal Value Fund during the second quarter valued at approximately $63,000. James Investment Research Inc. purchased a new position in shares of Nuveen California Municipal Value Fund in the 3rd quarter valued at $93,000. Watts Gwilliam & Co. LLC bought a new position in shares of Nuveen California Municipal Value Fund in the 3rd quarter worth $98,000. Farther Finance Advisors LLC purchased a new stake in shares of Nuveen California Municipal Value Fund during the 3rd quarter worth $117,000. Finally, Sanctuary Advisors LLC bought a new stake in Nuveen California Municipal Value Fund during the second quarter valued at about $119,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

About Nuveen California Municipal Value Fund

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.