Nuveen California Municipal Value Fund (NYSE:NCA) Stock Passes Below 200 Day Moving Average – Time to Sell?

Nuveen California Municipal Value Fund (NYSE:NCA)’s stock price 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 trading hands.

Nuveen California Municipal Value Fund Stock Down 0.6 %

The business has a 50 day simple moving average of $8.89 and a 200 day simple moving average of $8.89.

Nuveen California Municipal Value Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.029 dividend. This represents a $0.35 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of Nuveen California Municipal Value Fund

Several large investors have recently bought and sold shares of NCA. HighTower Advisors LLC lifted its stake in shares of Nuveen California Municipal Value Fund by 45.8% during the third quarter. HighTower Advisors LLC now owns 17,500 shares of the company’s stock worth $160,000 after buying an additional 5,500 shares during the period. Nwam LLC purchased a new position in Nuveen California Municipal Value Fund in the 3rd quarter worth $191,000. Advisors Asset Management Inc. lifted its position in Nuveen California Municipal Value Fund by 4.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 585,102 shares of the company’s stock worth $5,336,000 after acquiring an additional 22,456 shares during the period. Farther Finance Advisors LLC purchased a new stake in Nuveen California Municipal Value Fund during the 3rd quarter valued at about $117,000. Finally, James Investment Research Inc. acquired a new position in shares of Nuveen California Municipal Value Fund in the third quarter valued at about $93,000. 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.