Nuveen California Municipal Va (NCA) to Distribute Monthly Dividend of $0.03 on September 1st

Nuveen California Municipal Va (NYSE:NCA) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.03 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen California Municipal Va Trading Up 0.2%

NYSE NCA opened at $9.16 on Wednesday. The firm’s 50 day simple moving average is $9.21 and its 200 day simple moving average is $9.32. Nuveen California Municipal Va has a 1 year low of $8.40 and a 1 year high of $9.80.

Institutional Investors Weigh In On Nuveen California Municipal Va

A number of large investors have recently modified their holdings of the business. UBS Group AG raised its holdings in shares of Nuveen California Municipal Va by 38.8% during the 4th quarter. UBS Group AG now owns 1,792,954 shares of the company’s stock worth $16,047,000 after buying an additional 501,505 shares in the last quarter. Advisors Asset Management Inc. grew its position in Nuveen California Municipal Va by 40.0% in the fourth quarter. Advisors Asset Management Inc. now owns 1,070,770 shares of the company’s stock valued at $9,583,000 after acquiring an additional 306,174 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen California Municipal Va by 9.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 462,105 shares of the company’s stock worth $4,311,000 after acquiring an additional 38,762 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Nuveen California Municipal Va by 55.3% in the first quarter. Bank of America Corp DE now owns 163,915 shares of the company’s stock worth $1,538,000 after acquiring an additional 58,338 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Nuveen California Municipal Va by 4.4% in the 1st quarter. Royal Bank of Canada now owns 144,263 shares of the company’s stock valued at $1,248,000 after purchasing an additional 6,072 shares in 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, 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.