Nuveen California Municipal Va (NCA) to Issue Monthly Dividend of $0.03 on August 3rd

Nuveen California Municipal Va (NYSE:NCA) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.03 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen California Municipal Va Price Performance

Shares of NCA opened at $9.38 on Monday. Nuveen California Municipal Va has a 1-year low of $8.40 and a 1-year high of $9.80. The firm has a fifty day moving average price of $9.34 and a 200 day moving average price of $9.32.

Institutional Trading of Nuveen California Municipal Va

Several institutional investors and hedge funds have recently made changes to their positions in the company. UBS Group AG grew its stake in 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 during the last quarter. Advisors Asset Management Inc. lifted its stake 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 buying an additional 306,174 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen California Municipal Va by 24.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 370,139 shares of the company’s stock valued at $3,313,000 after buying an additional 71,944 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Nuveen California Municipal Va in the fourth quarter valued at approximately $559,000. Finally, Bank of America Corp DE boosted 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 valued at $1,538,000 after acquiring an additional 58,338 shares during the period. 21.46% of the stock is owned by hedge funds and other institutional investors.

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.