Nuveen California Municipal Value Fund (NYSE:NCA) Announces $0.03 Monthly Dividend

Nuveen California Municipal Value Fund (NYSE:NCA) announced a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Monday, April 15th will be paid a dividend of 0.029 per share on Wednesday, May 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Friday, April 12th.

Nuveen California Municipal Value Fund Stock Performance

Shares of NCA stock remained flat at $8.95 during trading hours on Wednesday. The stock had a trading volume of 74,706 shares, compared to its average volume of 56,861. Nuveen California Municipal Value Fund has a 1-year low of $7.77 and a 1-year high of $9.12. The firm has a 50-day moving average price of $8.90 and a two-hundred day moving average price of $8.62.

Institutional Investors Weigh In On Nuveen California Municipal Value Fund

Several hedge funds have recently bought and sold shares of the stock. US Bancorp DE lifted its position in shares of Nuveen California Municipal Value Fund by 5,173.4% during the 4th quarter. US Bancorp DE now owns 26,367 shares of the company’s stock valued at $236,000 after buying an additional 25,867 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Nuveen California Municipal Value Fund during the 4th quarter worth $203,000. Bank of Montreal Can purchased a new position in shares of Nuveen California Municipal Value Fund during the 1st quarter worth $180,000. Susquehanna International Group LLP acquired a new stake in shares of Nuveen California Municipal Value Fund during the 1st quarter worth about $173,000. Finally, MGO One Seven LLC acquired a new stake in shares of Nuveen California Municipal Value Fund during the 4th quarter worth about $162,000. Hedge funds and other institutional investors own 21.46% of the company’s stock.

Nuveen California Municipal Value Fund Company Profile

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.